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  1. #1
    Member Reputation points: 10
    Join Date
    Nov 2019
    Location
    Philadelphia Region
    Posts
    5

    Exclamation Seeking REI Lending Source

    Need DIRECT LENDING source for the following;


    Cashout/Rifi
    70% - 75% LTV desired
    Experienced RE investor (small player)
    Portfolio (6) properties
    Can be split into two loans, 4 on one, 2 on the other if need be
    Rural Texas
    Closest MSA is Houston (about 70 miles)
    Total Portfolio Value: $365,000 - $390,000
    Each property valued $60,000 to $65,000
    Existing balance (all properties): $100,000
    Anticptaed loan amount: $255,000 - $292,000
    Stirctly Asset-Based
    (Personal FICO mid score 599)
    Above average DSCR
    Client has other [commercial] properties as well
    NOT AVAILABLE FOR CO-BROKERAGE

  2. #2
    Senior Member Reputation points: 34509 Jstarr's Avatar
    Join Date
    Nov 2014
    Location
    South Florida
    Posts
    838

    Email me.
    Jerry Starr
    Insource Funding
    433 Plaza Real, Ste 275 Boca Raton, Fl 33432
    P: 800-805-3391 Fx: 561-270-6895
    Jerry@insourcefunding.net | insourcefunding.net

    WHAT WOULD YOU DO " IF " YOU HAD THE CAPITAL

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