hard money - lend against insurance bond 2million needs 1.5m 30days
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  1. #1
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    hard money - lend against insurance bond 2million needs 1.5m 30days

    Merchant looking to purchase a property for 1.5million. Has insurance bond for 2 million he can use as collateral. Will need funds for 30 days. Is there any hard money lender that is capable of doing something like this?

  2. #2
    Quote Originally Posted by Sachip24 View Post
    Merchant looking to purchase a property for 1.5million. Has insurance bond for 2 million he can use as collateral. Will need funds for 30 days. Is there any hard money lender that is capable of doing something like this?
    I have a private lender who can consider this but will have some questions. Call me to discuss.

    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.com

  3. #3
    Senior Member Reputation points: 34509 Jstarr's Avatar
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    depending on the property and state, i Could do $1.5MM as a 1st Priority Lien - i can't do anything with the bond.
    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

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