Who's funding property deals?
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  1. #1

    Who's funding property deals?

    Who out there bites on property based financing? I have a guy with some rental properties. A total of about 120k in total equity that he wants to put up. Please let me know. Got mortgage statements and all.

    Call me 646-693-2075. Thanks in advance guys!

  2. #2
    Senior Member Reputation points: 68233
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    Hey Kevin,

    It isn't about the equity- its about the Loan to Value. If someone has a property worth $1,020,000 with a $900k Mortgage- the 120k in equity is not leverage-able unless it is for cross collateralization purposes. Check out the scotsmanguide.com for Real Estate Lenders based on property type and location.. Hope that helps..

    RG

  3. #3
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    Quote Originally Posted by Kevin Franklin View Post
    Who out there bites on property based financing? I have a guy with some rental properties. A total of about 120k in total equity that he wants to put up. Please let me know. Got mortgage statements and all.

    Call me 646-693-2075. Thanks in advance guys!
    Contact me -
    Dave Lambert, Business Development
    dave@fcbankcard.com
    Merchant Services Consultant
    High Risk Merchant Payment Solutions
    SBA 7(a) Loans & Short-Term Funding
    T/VM: 727-291-7890
    Office: 727-233-1111
    Skype: fc-financial

  4. #4
    Senior Member Reputation points: 7360
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    Hi Kevin,

    Richard is correct. It is all about LTV. I fund a LOT of real estate, internally.

    I can fund up to 70% LTV, in 47 states (with the exception of ND, SD and VT). Rates typically end up in the 8% - 9% range. 30 year term, with rates fixed for the first three years.

    Feel free to reach out.

    Best,

    Dan Page
    Direct: (303) 938-8280
    Dan@BoulderEquityPartners.com
    www.BoulderEquityPartners.com

  5. #5
    Senior Member Reputation points: 54989
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    Marcus Clapman | Business Development | Cresthill Capital
    (High Commissions Payout Group)
    覧覧覧覧覧覧覧覧覧覧覧覧覧
    Tel: 917-521-6528 | Fax: 212.671.1473
    Email: bizdev@cresthillcapital.com
    http://www.cresthillcapital.com

  6. #6
    Senior Member Reputation points: 7360
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    Quote Originally Posted by mcaguru View Post
    Way too small for Sharestates, and you will find the rates there are quite high.

  7. #7
    Are you interested in partnering with me? I have many contacts if the person owns a business and has property to use a collateral.

    Any deal split 50/50, with a contract.

    If interested, please send contact info to: info@fundswired.com

    Thank you!

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