Results 1 to 6 of 6
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10-12-2017, 04:19 PM #1
- Join Date
- Jan 2017
- Posts
- 116
Hard money / sfr / non-owner / natural person
Scenario:
**HARD MONEY:**
PV: 400k
Loan Amount: 200k (property free and clear)
LTV: 50%-60%
Property Type: SFR
Occupancy: Nonowner
Income: Stated / no doc
credit: 600+
use of funds: upgrade / renovate
exit strategy: selling in 2yrs or less
vesting: natural person's name, not entity
Looking for at least 2 years +
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10-12-2017, 04:40 PM #2
Property Location?
Nick Hubbard
Senior Loan Advisor
314-252-0299 - Office
314-885-2262 - Direct
nick@elitefactoring.com
www.elitefactoring.com
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10-12-2017, 05:10 PM #3
- Join Date
- Jan 2017
- Posts
- 116
NJ
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10-12-2017, 06:00 PM #4
Yes, I can do NJ - no i will not vest in individual name, DODD Frank issues.
Jerry Starr
Insource Funding
433 Plaza Real,
Boca Raton, Fl 33432
P: 800-805-3391 Fx: 561-270-6895
insourcefunding.net
WHAT WOULD YOU DO " IF " YOU HAD THE CAPITAL
◆ 50% LTV - No Fico Required
◆ 90% CLTV on Purchases
◆ Investment Residential / Commercial Properties
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10-13-2017, 12:31 PM #5
- Join Date
- Aug 2015
- Location
- Boulder, CO
- Posts
- 755
From what you describe above, it sounds like it fits within our wheelhouse.
Let me know if you would like to discuss.
Best,
Dan Page
Boulder Equity Partners
Direct: (303) 938-8280
dan@boulderequitypartners.com
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10-19-2017, 10:31 AM #6
- Join Date
- May 2016
- Posts
- 42
I funded a deal (with one of our external lenders) similar to this in Maryland less a week ago. Owner had $150k loan outstanding and value of $315k. FICO was well below what you have. Deal had a very low rate and owner had the option of a 2 or 3 year loan (chose two year loan as he wants to sell in 2 years as well). Took about a week to fund! Let me know if you want to discuss further.
Steven Safirstein
Vice President of Sales & Head of ISO Relations
Breakout Capital Finance, LLC
6862 Elm Street, Suite 300, McLean, VA 22101
O: 703 852 6013 I steven@breakoutfinance.comLast edited by ssafirstein; 10-19-2017 at 12:31 PM.
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