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  1. #1
    Senior Member Reputation points: 20458 Fundyman's Avatar
    Join Date
    Dec 2013
    Posts
    710

    Looking For Commercial Lender for $300K Purchase in NJ @ 50% LTV & $2 Million ARV

    This should be a very easy one...

    Only issue is water level is 1.2 instead of 1, which requires about $150K in work done on the land.
    Old warehouse to be converted into 4 unit residential. Each unit will be at $500K on the ARV.

    Total loan request: $300K (includes costs of water level fixing)
    Current As-Is value: $600K
    50% LTV
    ARV: $2 mill

    Please PM if you are a lender interested in this deal ASAP.

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

    pm sent
    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

  3. #3
    Senior Member Reputation points: 20458 Fundyman's Avatar
    Join Date
    Dec 2013
    Posts
    710

    Quote Originally Posted by Jstarr View Post
    pm sent
    If you sent to my website email, there was a bad glitch for weeks. Please resend so I don't have to look for it from the webmail instead.
    Thanks

  4. #4
    Dm me

  5. #5
    send it to me we do many asset backed loans outside our growing mca business maxk@seabrookfunding.com

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