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  1. #1
    Senior Member Reputation points: 47257
    Join Date
    Apr 2013
    Location
    Basalt CO
    Posts
    867

    Looking for 2nd position hard money lender in NY

    I am looking for a second position loan, he owns a building that has a first of $910k held by a bank, and a hard money loan of 250k at 14%, has a year left on it.
    Credit is around 600.
    Property is worth $3.1 mill
    He has 3 retail business downstairs, 2 of which are month to month and pay $2100/month. He owns a business in the third location.

    He has four apartments upstairs. None of which are rented.

    He is using the money to remodel the upstairs apt.

    Looking for 450k total, 9%-12%, 4% origination fee. I would like to make 50 bp to 1%.

    Send me an emial if you think you can work with this.

    matt at goaheadfunding dot com
    I put my contact info in here, and
    was bombarded with spam from funders
    if you need to reach me PM me

  2. #2
    Senior Member Reputation points: 9546
    Join Date
    Jun 2016
    Posts
    416

    I'd buy out the second probably. Send me a private message.

  3. #3
    Senior Member Reputation points: 54975
    Join Date
    Dec 2013
    Posts
    4,713

    I started writing we are the 2nd largest "Super" Subprime MCA Funder but then realized that was not the question !
    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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