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06-12-2019, 02:40 PM #1Member
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- Jan 2019
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- 32
Hard money for properties
Looking for recommendations for hard money lenders for properties that pay brokers the best commissions.
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06-12-2019, 02:57 PM #2Senior Member
Reputation points: 27404
- Join Date
- Dec 2015
- Location
- Texas
- Posts
- 552
vague..
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06-12-2019, 02:57 PM #3Senior Member
Reputation points: 16709
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- Jul 2014
- Location
- Jackson Hole Wy
- Posts
- 732
It all depends on location, property type, loan amount. Good hard money lenders are usually regional.
We love TX,CO,CALI, New England states , NY, NJ. IL,
Let me know if we can be of assistance
bzuniga@omegafund.com
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06-12-2019, 03:22 PM #4Member
Reputation points: 10
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- Jan 2019
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- 32
13 unit building in PA no debt on it looking for 1.2mill has an evaluation of approx 1.8-2.6
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06-12-2019, 07:22 PM #5Senior Member
Reputation points: 5777
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- Mar 2016
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- 335
My company pays as much commission as you want. PM me
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06-18-2019, 11:12 AM #6Member
Reputation points: 10
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- Jun 2018
- Posts
- 55
WBL does real estate deals and pays up to 7-11% depending on the pricing tier that the merchant qualifies for. Give me a call and I can go over it in more detail.
David Fite
Director of ISO Relations
Windgate Capital
40 Wall Street, 29th Floor, New York, NY 10005
Direct: (516) 400-2087 ǀ Fax: (347) 708-8699 | Cell: (929)-361-4156
David@WindgateCapital.com ǀ https://www.WindgateCapital.com/
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06-19-2019, 02:53 PM #7Senior Member
Reputation points: 54
- Join Date
- Mar 2016
- Posts
- 124
I am in PA and we have PA based hard money lenders.
As far as commission, in reality we try to cap BOTH lender and broker at 6 points max. Might be 1, 2, usually 3 or perhaps 4 points lender.
Over $1mm we usually just take a point. We try to help folks succeed , not rape them on points just for nothing better to do.
Yeah - we co broker but don't look to retire on one loan.Mike Lewis - commercial real estate loan broker / owner
No up front fees loan broker
Commercial real estate loans: Acquisition, refinance, construction and FAST bridge loans from $200k +
tel/voicemail: 937-964-5355
cell/voicemail: 440-637-5646
corporate email: mikelewis@michaellewisgroup.com
www.linkedin.com/in/cigarmike
Veteran Owned
WE CO-BROKER with an even 50/50 split and we both get paid by wire at close.
We issue a combination mutual NDA / fee split, you introduce your CRE clients to us stating simply we handle your commercial real estate loans, we take it from there and keep you in the loop. When a loan you referred closes, you get paid at close by wire.If you can work with that please do not hesitate to contact us. Our loan forms are vanilla with no company name.
Michael Lewis Group Commercial real estate loans
http://michaellewisgroup.com/index.html
Loan Matrix
Forms
About Us
Discounted cell phone plans starting at $15 / month. AT&T from $30/mo, T-Mobile from $15/mo, Verizon from $35/mo.
http://arthodyd.com/d.html
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06-19-2019, 05:36 PM #8Member
Reputation points: 5018
- Join Date
- May 2019
- Posts
- 97
velocity mortgage 5%
The Rose Funder l 917.228.4970
bander@therosefunder.com
Highlands NJ 07732
http://www.therosefunder.com
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