Who will fund this Deal?
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  1. #1

    Who will fund this Deal?

    1st owner is a us citizen(Has 700 Fico)
    2nd owner is non-us citizen(has no SSN)I have his foreign passport
    7 months in business
    50k a month in deposits(strong ending balances)
    Client is seeking 30-50K
    They currently have a $184,000.00 hard money loan they took out using the same criteria i posted to get that 184 k loan.
    Lots of lenders scared to fund this deal because of the 2nd merchant not having a ssn. I have 3 offers so far but client wants more $$
    I have everything on this file.Who can fund this?
    Last edited by gcfandrew; 05-19-2017 at 01:30 PM.

  2. #2
    Senior Member Reputation points: 1307
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    Are they looking for another hard money loan?

  3. #3
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    All that typing op and not a clear idea of what is needed

  4. #4
    Senior Member Reputation points: 18402
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    Pm me so we can discuss if your serious

  5. #5
    Quote Originally Posted by gcfandrew View Post
    1st owner is a us citizen(Has 700 Fico)
    2nd owner is non-us citizen(has no SSN)I have his foreign passport
    7 months in business
    50k a month in deposits(strong ending balances)
    Client is seeking 30-50K
    They currently have a $184,000.00 hard money loan they took out using the same criteria i posted to get that 184 k loan.
    Lots of lenders scared to fund this deal because of the 2nd merchant not having a ssn. I have 3 offers so far but client wants more $$
    I have everything on this file.Who can fund this?
    Gcfandrew,

    It seems as if the client has RE being you were able to provide him a Hard Money Loan.

    Depending on the Properties this may be a WBL Deal.

    Feel free to shoot me a call or email

    Best,

    Anthony DeLeonardo
    Vice President | Regional Wholesale Manager

    World Business Lenders
    101 Hudson Street, 33rd Floor
    Jersey City, NJ 07302

    Direct: (646)880-8035
    Fax: (551)267-6714
    Email: adeleonardo@wbl.com

  6. #6
    Senior Member Reputation points: 54989
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    whats the ownership breakdown ?
    Marcus Clapman | Business Development | Cresthill Capital
    (High Commissions Payout Group)
    覧覧覧覧覧覧覧覧覧覧覧覧覧
    Tel: 917-521-6528 | Fax: 212.671.1473
    Email: bizdev@cresthillcapital.com
    http://www.cresthillcapital.com

  7. #7
    Marcus I currently have this file with your team just waiting on what your UW saids in regards. My buddy Scott is on it.

  8. #8
    Senior Member Reputation points: 54989
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    Scott is one of the best here.!
    Marcus Clapman | Business Development | Cresthill Capital
    (High Commissions Payout Group)
    覧覧覧覧覧覧覧覧覧覧覧覧覧
    Tel: 917-521-6528 | Fax: 212.671.1473
    Email: bizdev@cresthillcapital.com
    http://www.cresthillcapital.com

  9. #9
    Senior Member Reputation points: 9546
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    Quote Originally Posted by gcfandrew View Post
    Marcus I currently have this file with your team just waiting on what your UW saids in regards. My buddy Scott is on it.
    Ownership split is the main question.

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