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11-27-2017, 09:35 AM #1
Reputation points: 315
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- Jul 2015
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- 23
Hard Money
I have a client looking for a $300,000 Hard Money loan.
6 Properties ($125k each)
Needs Interest only payments
Who can get this done and in what time period?
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11-27-2017, 09:45 AM #2
Reputation points: 226631
- Join Date
- Feb 2017
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- 3,418
What state? I can help you get this done, or Jerry Starr over here, if he would answer his emails.
Closing can be 4-10 days are up if everyone cooperates and the rates are acceptable.Last edited by abfunders; 11-27-2017 at 09:51 AM.
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12-05-2017, 11:04 AM #3
Reputation points: 7360
- Join Date
- Aug 2015
- Location
- Boulder, CO
- Posts
- 755
Hey Way Up -
I don't have the time to get on the forum any more (yes...closing that many real estate deals!) but what you are asking for sounds like it fits in my wheelhouse.
Just so you know...interest only deals are typically more expensive. I typically fund with a thirty year amortization (to keep payments low), with the rate fixed for three years. Rates are typically in the 8% - 9% range, credit/property pending. I fund 70% of the appraised value, paying off any existing mortgages and providing cash-out, on top.
I can fund pretty much all types of properties, with the exception of primary residence.
Let me know if you would like to discuss!
Best,
Dan Page
Direct: (303) 938-8280
dan@BoulderEquityPartners.com
www.BoulderEquityPartners.com
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