Results 1 to 5 of 5
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10-07-2020, 10:59 AM #1
- Join Date
- Mar 2020
- Posts
- 24
Hard Money Land Deal in New York
We have a merchant who owns land in Douglaston Queens worth $1.1MM and has good credit. He is looking for $300k and willing to leverage the property. Let me know of any hard money lenders who can handle this land deal. The merchant is also the owner of a pizza place in NYC that does 100k/mo currently and was closed in July.
funding@upwisecapital.com
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10-07-2020, 12:26 PM #2
- Join Date
- Oct 2014
- Location
- Naples, FL
- Posts
- 477
Does he own the location where the pizzeria is? That would probably be better. Land is tough but if its paid off then he has a case. You're looking at 7-10 days even moving fast. I only have 2 sources who would look at it.
Steven Ruiz
Presto Prestamo, LLC
786-712-4900
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10-08-2020, 10:56 AM #3
If this is strictly undeveloped land, it can likely get 30-35% LTV on a hard money deal. Are there any structures on the land? Including property would open more outlets, if available.
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10-14-2020, 04:19 PM #4
- Join Date
- Sep 2020
- Posts
- 13
give me a call 310-388-4994. i can potentially fund it
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11-19-2020, 08:11 PM #5
- Join Date
- Dec 2017
- Posts
- 17
Can fund this with a personal loan product. Term is 3,5,7 years with no prepayment penalty. Credit score of 680 across all three bureaus with and income of $30,000 per year. No upfront fees or hidden fees.
Michael Cooper
michael@2getfunded.com
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