Results 1 to 8 of 8
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05-24-2018, 11:11 AM #1
- Join Date
- Jul 2014
- Posts
- 40
Two Real Estate Deals
Two deals:
Property I
Approx 5 acres
2 - 2 Unit Apartments for rent
Two warehouses in front
Zoned: MG12
Valued: 1.2MM
Loans: Less than $100k )private money
Seeking: $200k
------------------------------------------------------
Property II
2.2 Acres
Nightclub/Strip bar - sales at $1MM annually
Zoned: MG-MG12
Appraisal: $5MM
No liens
Seeking: $2.8MM
Partner Buyout
**Initially was going to go to Southend Capital but hear they are brokers....
Anyone know of a good lender/private investor...or if they have worked with SE?
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05-24-2018, 11:21 AM #2
- Join Date
- Dec 2017
- Location
- San Diego, CA
- Posts
- 45
We can do both. We refer all real estate deals to our partner American Commercial Bank. They send us all business funding deals and we refer them all real estate deals. We can fund both deals directly with the bank.
Send them on over.
Alex
lendrzHub.com
855-262-2996
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05-24-2018, 11:25 AM #3
- Join Date
- Aug 2017
- Location
- New York City
- Posts
- 199
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05-24-2018, 11:25 AM #4
- Join Date
- Oct 2016
- Posts
- 4,318
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05-24-2018, 11:41 AM #5
- Join Date
- Feb 2017
- Posts
- 3,463
Property 1
From what I understand, Southend is only sometimes the brokers. They originate the loan (do all the underwriting) and sell the loan package to a bank to service and fund. They have their fees and let you add on points. That's not called brokering, but they're not always the "direct lender."
Of course, "direct lender" might also mean "direct syndicate." As long as you make your points, who cares? If you can't get the deal done without help, so let someone help!
$200,000 on hard money on such a property sounds easy, generally speaking they will need first position. What state? If it's California or NY, I know where to go to get a 2nd.
Hard money lenders are easy to come by, just do a search on Scotsman's Guide and shoot out some emails.
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05-24-2018, 11:54 AM #6
- Join Date
- Dec 2017
- Location
- San Diego, CA
- Posts
- 45
American Commercial Bank is very much active. It is listed as TDA Capital, DBA American Commercial Bank.
Call us for all real estate deals.
Alex P
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05-24-2018, 11:55 AM #7
- Join Date
- Dec 2017
- Location
- San Diego, CA
- Posts
- 45
License number 01811734
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05-24-2018, 12:46 PM #8
- Join Date
- Jan 2014
- Posts
- 1,380
Get in touch with Dan Page. dpfund is his handle on Daily Funder I believe. He can wrap this up for you quickly.
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