Results 1 to 8 of 8
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11-01-2017, 04:22 PM #1
- Join Date
- Jan 2017
- Posts
- 116
Hard money: Massachusetts / sfr: Pv 250k / free and clear
> Location: MA
> Property Type: SFR
> Free and Clear
> Loan Amount: 100k-150k, Property Value 250k+
> LTV 60%
> Credit: 400-500
> Purpose of Cash: Expand business.
> Vesting: Individual's name at the moment.
Looking for Hard Money -- Property is non-owner occupied, but not currently rented. Occupied but not paying rent. Borrower's primary residence is in Texas. Subject is in Mass.
Tried Apex, but they don't do Mass. Any other recommendations?
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11-01-2017, 05:07 PM #2
- Join Date
- Dec 2014
- Location
- Quogue, NY
- Posts
- 1,108
Apex is for commercial real estate.. touch base to discuss..
Richard 516 510 3855
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11-01-2017, 05:38 PM #3
- Join Date
- Jan 2017
- Posts
- 116
i actually closed an SFR with them last week. Just need a 1-2 year balloon hard money, nothing fancy. They just don't do Massachussetts. Need MA lender
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11-01-2017, 08:34 PM #4
thats a tough one, i would do it but Mass has some new laws that prohibit rates over 9%
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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11-02-2017, 11:49 AM #5
- Join Date
- Feb 2017
- Location
- Fort Washington, PA
- Posts
- 37
I can write this, I am a direct portfolio lender, and we can cash out up to 70% LTV (no minimum credit) and the borrower can close in their own name. Give me a call Scott at 215-619-2543.
Scott Buchholz
Account Executive
Velocity Mortgage Capital
215.619.2543 Direct
sbuchholz@velocitymortgage.com
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11-02-2017, 12:09 PM #6
- Join Date
- Feb 2017
- Posts
- 3,463
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11-02-2017, 01:18 PM #7
- Join Date
- Feb 2017
- Location
- Fort Washington, PA
- Posts
- 37
Sure send me a credit report and a 1003 to sbuchholz@velocitymortgage.com
Scott Buchholz
Account Executive
Velocity Mortgage Capital
215.619.2543 Direct
sbuchholz@velocitymortgage.com
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11-03-2017, 04:13 PM #8
- Join Date
- Jan 2017
- Posts
- 116
Found a home. going hard money, no doc, no credit, no financials, etc.. etc.. local (to the borrower) hard money lender, keep you posted
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