Results 1 to 6 of 6
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08-29-2018, 02:30 PM #1
- Join Date
- Aug 2018
- Posts
- 20
Who could do a 2nd RE position stated income
client has a residential building with 1st mortgage on it, needs 2nd position of 600K with 36 month term, stated income, 50% LTV.
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08-29-2018, 03:29 PM #2
Residential Building? do you mean multi family?. he would most likely need to speak with his bank about a 2nd and depending on the mortgage some will not accept subordinate debt. if It is truly a multi family with tenants, and depending on location and condition, i could take out the first position and provide the cash-out if the value is there.
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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08-29-2018, 05:52 PM #3
What is the value?
City and state?Jonathan Kohanoff
B.R.E. #01962090
Diamond Business Loans
Beverly Hills, CA 90211
jon@diamondbl.com
www.DiamondBL.com
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08-29-2018, 06:00 PM #4
- Join Date
- Dec 2013
- Posts
- 4,713
i personally met Jerry Starr and will tell you hes the real deal !
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
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09-01-2018, 12:40 AM #5
- Join Date
- Aug 2018
- Posts
- 19
Hey,
I'm interested in taking a look, I can do 600k, however I would need much more details to put together an offer. Email the particulars and I will work it out. bgibbs@fastadvancefunding.com
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09-01-2018, 07:18 AM #6
- Join Date
- Dec 2014
- Location
- Quogue, NY
- Posts
- 1,108
Without understanding any of the nuances of the deal, you feel 'I can do' 600K???!
Is this a Real Estate play or a business funding play? Without knowing proposed use of funds, you feel you can do a subordinating position for 600K? How much is the first mortgage? You sure you want to buy that out in the event of a default so you can foreclose?
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