Results 1 to 6 of 6
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07-18-2019, 02:33 PM #1
- Join Date
- Feb 2019
- Posts
- 18
Real estate backed loan. looking for 120,000k. 720 credit
Hello
I have a Merchant with 720 credit and wants to put up a duplex he owns as collateral (No positions on it). Looking for 120,000. Anyone have a contact or lender that can do this type of deal?
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07-18-2019, 02:39 PM #2
- Join Date
- Feb 2017
- Posts
- 3,429
What's the property worth and where is it located?
These types of deals are slow, but these guys are squirmish with rates because they're used to banks at 4%. If the client can deal with 5's or 6's, let me know. You won't be able to compete with a bank.
If he wants unsecured LOC with rates in the 3's, also email me and I can help.
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07-18-2019, 03:28 PM #3
- Join Date
- Jul 2014
- Posts
- 82
Call Mike at Velocity they do loans for as low as 75k
Miguel (Mike) Morales
Account Executive
Velocity Mortgage Capital
NOW OFFERING BROKER REBATES!!!
1395 Brickell Ave Suite 800
Miami FL 33131
Tel. (305) 421-9063 xt 663
Cell. 786-877-9402
E-mail: mmorales@velocitymortgage.com
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07-18-2019, 03:46 PM #4
- Join Date
- Jun 2016
- Location
- Tampa, FL
- Posts
- 180
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07-23-2019, 11:30 PM #5
- Join Date
- Jun 2019
- Posts
- 3
If you want to ACTUALLY get this done email me
Kgrant@BesCapFinancial.com
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07-24-2019, 05:29 PM #6
- Join Date
- Jun 2019
- Posts
- 287
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