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02-04-2021, 02:08 PM #1
- Join Date
- Jan 2019
- Posts
- 117
hard money
merchant owes $120,000 on home he purchase 14 months ago in md. He needs 65k in order to complete the rehab. ARV is 300k. either taking out first position or cash out $65k is fine.
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02-04-2021, 02:13 PM #2
- Join Date
- Oct 2014
- Location
- Naples, FL
- Posts
- 474
What state? They have all types of options available in hard money... feel free to msg me.
Steven O. Ruiz
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02-05-2021, 12:38 PM #3
- Join Date
- Jan 2019
- Posts
- 117
State is MD. Its a sfr. non owner occupied.
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02-05-2021, 11:30 AM #4
- Join Date
- Mar 2016
- Posts
- 123
Mike Lewis - commercial real estate loan broker / owner
No up front fees loan broker
Commercial real estate loans: Acquisition, refinance, construction and FAST bridge loans from $200k +
tel/voicemail: 937-964-5355
cell/voicemail: 440-637-5646
corporate email: mikelewis@michaellewisgroup.com
www.linkedin.com/in/cigarmike
Veteran Owned
WE CO-BROKER with an even 50/50 split and we both get paid by wire at close.
We issue a combination mutual NDA / fee split, you introduce your CRE clients to us stating simply we handle your commercial real estate loans, we take it from there and keep you in the loop. When a loan you referred closes, you get paid at close by wire.If you can work with that please do not hesitate to contact us. Our loan forms are vanilla with no company name.
Michael Lewis Group Commercial real estate loans
http://michaellewisgroup.com/index.html
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About Us
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02-11-2021, 10:28 AM #5
If theres sufficient equity in the property you could consider a collateral based loan. It is lengthy (in essence the same process as a mortgage) but may afford a viable avenue that the business volume wouldn't substantiate.
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