Need a lender who takes real estate collateral
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  1. #1
    Senior Member Reputation points: 8833
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    Need a lender who takes real estate collateral

    Have a big deal, client does a few million a month and has a big property but a few positions. Need a lender who will fund with real estate as collateral

  2. #2
    How much is merchant depositing?
    How much is merchant looking for?
    Where are the properties located?
    What type of properties?
    What year were they acquired?
    Current market value?
    Current loan balance and lender?
    Who are the title holders?

  3. #3
    Senior Member Reputation points: 34509 Jstarr's Avatar
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    South Florida
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    840

    Thats a vague request,

    Is it a primary residence?
    Is it raw land?
    What is the value?
    What is the debt?
    Where is it located?

    We dont care about positions, just the equity, location and asset type.

    Answer these and i might have a solution for you.


    Quote Originally Posted by simonwein12 View Post
    Have a big deal, client does a few million a month and has a big property but a few positions. Need a lender who will fund with real estate as collateral
    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



  4. #4
    Give me a call or shoot me an email. 5 Arch Funding, direct private mortgage lender for Experienced Real Estate Investors. We originate over $1B in loans annually. 5 Arch Funding is a subsidiary of Redwood Trust 'RWT' (NYSE).

    We work with Brokers!

    Jayson Glick
    VP Sales
    5 Arch Funding Corp.
    W (949)404-1945 C (561)317-9464
    E jayson.glick@5arch.com

  5. #5
    I have a small request.30k has a residential lot in va, valued at he said 70k

    any ideas? He needs the cash to remodel a couple duplexes his company is working on

  6. #6
    Senior Member Reputation points: 34509 Jstarr's Avatar
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    Nov 2014
    Location
    South Florida
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    we are not concerned about positions or income, just the location and equity in the property.



    Quote Originally Posted by simonwein12 View Post
    Have a big deal, client does a few million a month and has a big property but a few positions. Need a lender who will fund with real estate as collateral
    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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