35k Hard Money Loan Needed
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  1. #1
    Member Reputation points: 30
    Join Date
    Nov 2014
    Location
    Fort Lauderdale, FL
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    64

    35k Hard Money Loan Needed

    Direct Small Balance Hard Money lender needed.

    I have a prospect in need of 30k-35k hard money loan. He owns a free and clear condo in Fort Myers, FL. He is currently a truck driver and is looking to become an independent Owner operator hauling construction materials. The money will be used to purchase a 2012 dump Truck worth 40k. He only has about 10k of his own money, which will be used for insurance and working capital for the first weeks.

    Happy Thanksgiving to all!
    William R. Mateo
    Mateo Capital Group
    Tel: (954)802-2833|Fax: (888)860-1508
    http://www.mateocapitalgroup.com
    Supporting Common Sense Financing!

  2. #2
    Senior Member Reputation points: 34509 Jstarr's Avatar
    Join Date
    Nov 2014
    Location
    South Florida
    Posts
    840

    That wont happen, its too small - and after we charge and pay points, BPO and or Appraisal, title, title insurance, doc stamps, recording, insurance etc - he wont net 35,000 - he's better off trying to get a credit card or get a personal loan.

    if it were closer to $100,000, i would consider it and that would be at a 75% LTV.
    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
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    ◆ Investment Residential / Commercial Properties



  3. #3
    Senior Member Reputation points: 47340 JasonBishop's Avatar
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    Jun 2018
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    Orlando, FL
    Posts
    196

    No positive comments since I've interacted in this forum. Do you actually introduce yourself to people with these type of comments? You're in Boca Raton - Go enjoy the weather and stop being disruptive with your negative insights.
    Last edited by JasonBishop; 12-01-2019 at 03:25 AM.

  4. #4
    Member Reputation points: 10 AFG 2015's Avatar
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    May 2019
    Location
    Miami
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    12

    I can do it , call me at 305-992-6745 AFG FUNDING

    Sia Heravi

    WWW.AFGFUNDING.COM

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