Results 1 to 13 of 13
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06-22-2017, 04:46 PM #1
- Join Date
- Feb 2017
- Posts
- 4
Real Estate As Collateral
Hey,
I am new to the forum so please excuse if this has been discussed recently.
Who are some of the more reputable funders who are willing to use real estate as collateral on an advance?
Any guidance would be very much appreciated.
Thank you,
Steven
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06-22-2017, 04:59 PM #2
- Join Date
- Oct 2014
- Posts
- 260
Little pricier but if the merchant is looking for an advance against the property than you can try WBL. World Business Lenders
Second place? Set of steak knives.
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06-22-2017, 05:17 PM #3
- Join Date
- Feb 2017
- Posts
- 3,463
LiftForward. Collateral property loans of 10% yearly grossing, minimum $100k funding. Premium deals - just can't go to the bank, because they take too long. Rates 12-14%. Money within 3 days. Minimum credit score 620.
Look up Dan Page on this website, he's got a good program also, minimum deal is $50k.
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06-22-2017, 07:31 PM #4
- Join Date
- May 2017
- Location
- Oregon
- Posts
- 60
Does Lift Forward have an ISO or referral program?
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06-22-2017, 09:32 PM #5
- Join Date
- Jun 2013
- Posts
- 195
Real Estate As Collateral
Email me the details to see what they qualify for cpepe@wbl.com
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06-23-2017, 01:31 AM #6
- Join Date
- Feb 2017
- Posts
- 3,463
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06-23-2017, 08:27 AM #7
- Join Date
- Dec 2014
- Location
- Quogue, NY
- Posts
- 1,108
Steven,
There are several outlets for deals backed by Real Estate. Sean over at Liftforward is a stand up guy that can help- if the deals fits their program. Program is based on 10% (with some flexibility) of annual sales for deals over 150k.
It's my understanding that Dan Page's program has taken a bit of a sabbatical (consolidations through Funding Strategy Partners are on hold), though I see that he been posting to arrange hard money loans through strategic partners.
We have direct access to two separate Hedge Funds that have an appetite for Real Estate backed deals- with clear exit strategies. Feel free to touch base should you wish for assistance.
RG 516 510 3855
Business Capital Consultants
2127 Lakeland Avenue Suite 2 and 2A
Ronkonkoma, NY 11779
rg@businesscapitalconsultants.com
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06-23-2017, 08:31 AM #8
- Join Date
- Feb 2017
- Posts
- 4
Thank you everyone for your guidance! It is much appreciated.
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06-23-2017, 08:38 AM #9
- Join Date
- Apr 2017
- Location
- 1301 NJ-36, Bldg#2, Ste#5, Hazlet, Nj, 07730
- Posts
- 143
I have worked with Richie before and he is experienced and trusted source to navigate Real estate backed lending. He has helped me in the past with Great success!
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07-07-2017, 08:35 AM #10
- Join Date
- Apr 2016
- Posts
- 33
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07-07-2017, 09:49 AM #11
- Join Date
- May 2017
- Location
- Jacksonville, Florida
- Posts
- 31
Lendistry has been really working hard on those files lately, and they're monthly payments 3+ years.
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07-07-2017, 12:11 PM #12
- Join Date
- May 2014
- Posts
- 187
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07-07-2017, 01:37 PM #13
- Join Date
- Aug 2015
- Location
- Boulder, CO
- Posts
- 755
Thank you Micah,
Yes, I am doing a ton of real estate backed loans. Rates ranging from 5% - 12%. We have $9.2MM at funding stage right now, that will be funded by the end of the month.
Here is a link to the site: http://boulderequitypartners.com/
Our core MCA consolidation program is over-subscribed at the moment and on hold. Stay tuned for our new consolidation program, coming soon!
Best,
Dan Page
Direct: (303) 938-8280
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