Real Estate As Collateral
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  1. #1

    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

  2. #2
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    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.

  3. #3
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    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.

  4. #4
    Does Lift Forward have an ISO or referral program?

  5. #5

    Real Estate As Collateral

    Email me the details to see what they qualify for cpepe@wbl.com

  6. #6
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    Quote Originally Posted by Richierichard View Post
    Does Lift Forward have an ISO or referral program?
    I have one with them. Signed with Docusign.

  7. #7
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    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

  8. #8
    Thank you everyone for your guidance! It is much appreciated.

  9. #9
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    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!

  10. #10
    Quote Originally Posted by symf View Post
    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
    Steven,

    Here at WBL we offer a real estate secured, MCA-style loan program that offers borrowers up to 3 times their average monthly deposits. Feel free to contact me for details.
    Thanks,
    Robert
    212-220-0175

  11. #11
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    Lendistry has been really working hard on those files lately, and they're monthly payments 3+ years.

  12. #12
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    Quote Originally Posted by soccercoach View Post
    Lendistry has been really working hard on those files lately, and they're monthly payments 3+ years.
    Lendistry is now only funding in California

  13. #13
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    Quote Originally Posted by abfunders View Post
    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.
    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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