[Creative Lender]

Our client is a Realtor interested in acquire a property for fix and flip, but his downpayment is too small. Mid Fico is 689. Needs to see somebody that will do a business loan or MCA. PM for more details.

[Jstarr]

I can already tell you , if he doesn't have the DP and is looking at other means to get the DP, It isn't a good scenario for him and he wont be profitable. the ideal number is 65% LTV, i would go up to 75%, on a Nice property.

https://www.linkedin.com/pulse/65-ar...source-funding

[Sachip24]

I can already tell you , if he doesn't have the DP and is looking at other means to get the DP, It isn't a good scenario for him and he wont be profitable. the ideal number is 65% LTV, i would go up to 75%, on a Nice property.

https://www.linkedin.com/pulse/65-ar...source-funding

Do you do raw land/hard money?

[Jstarr]

Hard money yes, Raw Land No.

[WBL California]

WBL California can help with raw land. We loan 2-4x the average deposit volume depending on the state and can go up to 50% LTV on raw/vacant land.

[Jstarr]

David, no disrespect but WBL is a horrible choice for real estate transactions. Wbl doesn't offer interest only monthly payments, nor are they offering reasonable rates. Most guys like myself will offer rates from 7 -12% Wbl couldn't or wouldn't touch those...

If it wasn't raw land I would look at it, call me and I'll give you the number of somebody who will do it

[RickyR3712]

David, no disrespect but WBL is a horrible choice for real estate transactions. Wbl doesn't offer interest only monthly payments, nor are they offering reasonable rates. Most guys like myself will offer rates from 7 -12% Wbl couldn't or wouldn't touch those...

If it wasn't raw land I would look at it, call me and I'll give you the number of somebody who will do it

jerry, no disrespect but you can not do this deal and he can . Poster even asked for a mca type deal.

[WBL California]

WBL may not always be a good fit, but sometimes we end up being the only fit. Shoot me your email Jerry and I'll send you over our new pricing guide. We've got a select number of states that receive special pricing regardless of credit, negative banking statements or even number of advances.