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12-19-2019, 01:45 PM #1
- Join Date
- Jul 2016
- Location
- NY, NY
- Posts
- 74
Who can successfully fund micro CRE Deals
Hi,
We are getting more and more CRE files for purchase and fix, purchase and flip, purchase, etc in markets such as Dayton, OH and Louisville, KY, etc. Some of these files have a sales price of 10 - 30K. All sort of scenarios. Good Investors, etc. Most lead us to bigger deals also.
We need someone that will finance this small paper, even hard money. None of the guys with the nice websites can perform. If you can please contact us right away.
Thanks,
Gil
603-401-6408
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01-15-2020, 11:53 PM #2
Gil,
dont waste your time - as a real estate lender ( and im sure others would agree) it isn't worth the time or money to look at something like this. lets say we agree to put out $40,000 for 12 months at 10%. i get a whopping $300 per month interest.... its laughable.
2 problems i see here... 1) what is someone going to do with a $10,000- 40,000 property? 2) if someone calls me and says they are a real estate investor and i need a loan for $30,000, and they dont have this in a bank or have other means to get the money other that calling a private lender, i would be very concerned, this is the type of deal someone will walk away from if they can't pay.
Ill help you find bigger stuff, call me.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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