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11-15-2017, 12:25 PM #1
- Join Date
- Jan 2014
- Posts
- 1,380
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?
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11-15-2017, 06:11 PM #2
- Join Date
- May 2016
- Posts
- 42
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
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11-15-2017, 08:11 PM #3
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
◆ 50% LTV - No Fico Required
◆ 90% CLTV on Purchases
◆ Investment Residential / Commercial Properties
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