real estate as collateralq
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  1. #1
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    real estate as collateralq

    Can any lender use equity as collateral besides WBl?

  2. #2
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    Lift Forward

  3. #3
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    thank you

  4. #4
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    There are also tons of hard money lenders, and bridge-loan people. As long as the credit is 600+, there should be a lender. 650+ is an easy lender, FYI.

  5. #5
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    I know this is kind of an old thread, but thought I would note that I fund a LOT of real estate deals. Rates ranging from 6% - 12% APR.

    I am funding the real estate though...not the business. This can quite often be a boon for clients that are struggling with their business but own real estate.

    I pay off any existing mortgages and provide cash out on top.

    Low FICO is not necessarily a deal killer at all. Just funded two of them with FICO in the 500s. Funded one a few months ago when the client was actually in bankruptcy at the time.

    But if the client is late on their existing mortgage, THAT would be a deal killer.

    Feel free to reach out and discuss.

    Best,

    Dan Page
    Direct: (303) 938-8280
    dan@BoulderEquityPartners.com
    www.BoulderEquityPartners.com

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