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09-25-2019, 11:43 AM #1
- Join Date
- Jan 2019
- Posts
- 117
fix and flip
Does any one know of second and third position lenders for fix and flip? 1 million to to 2 million dollar properties
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09-25-2019, 11:46 AM #2
- Join Date
- Feb 2017
- Posts
- 3,463
Don't exist.
Especially when you think about the following - Why did the guy run out of money?
This is what unsecured money is for. It can be cheap enough, just have to know how to get access to it. I think I introduced you to someone before.
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09-25-2019, 11:48 AM #3
- Join Date
- Feb 2017
- Posts
- 3,463
Basically, Mezzanine debt / Equity
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09-25-2019, 11:55 AM #4
Depending on location and property type, i would entertain refinancing into 1 position and provide the . rehab funds on a draw..
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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09-25-2019, 12:10 PM #5
- Join Date
- Mar 2019
- Posts
- 95
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