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09-01-2021, 03:17 PM #1
- Join Date
- Jan 2019
- Posts
- 27
Seeking Second Position Lenders on a Property (Behind a Mortgage)
Merchant has a mortgage and looking for a second position lender that would fund based on the property value.
The property is owner-occupied. Home is in CA.
Looking for lenders other then WBL
Best Regards,
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09-01-2021, 05:13 PM #2
We may be interested.
Give me a call so we can chat more about the property, current mortgage balance, and use of the funds.
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09-01-2021, 05:34 PM #3
Rough LTV and Loan Amount desired? What state?
Feel free to reach out and we can chat about it - jon@diamondbl.comJonathan Kohanoff
B.R.E. #01962090
Diamond Business Loans
Beverly Hills, CA 90211
jon@diamondbl.com
www.DiamondBL.com
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09-02-2021, 02:27 PM #4
- Join Date
- Mar 2014
- Location
- Florida
- Posts
- 2,952
Dave Lambert, Business Development
dave@fcbankcard.com
Merchant Services Consultant
High Risk Merchant Payment Solutions
SBA 7(a) Loans & Short-Term Funding
T/VM: 727-291-7890
Office: 727-233-1111
Skype: fc-financial
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09-07-2021, 04:45 PM #5
- Join Date
- Aug 2021
- Posts
- 69
We can take a look at this situation. I wouldn't need to know the value of the land. I can get funding, completely unsecured, with personal income and credit. Give me a call. I can go into more detail. Thank you.
Brandon Dressler
brandon@preferredfundinggroup.com
8158780244
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09-08-2021, 02:08 PM #6
- Join Date
- Mar 2021
- Posts
- 48
With where the rates are in this market, the ROR on running a high interest rate second doesnt make sense.
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09-13-2021, 01:00 PM #7Jerry 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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09-26-2021, 03:36 PM #8
2nd lien Ok on O/O if funds are used for business purposes. Let me know if you still need help with this.
Steve Benjamin
Professional Business Loans
522 Contessa
Irvine, CA 92620
steveprobiz@gmail.com
https://probizloans.net/
Broker, Underwriter, general business loan expert
949.228.1050
@ 24 hour funding working capital loans
@ Term loans from 3 years to 10 years at 9.5% and up
@ Equipment financing up to 7 years
@ Property loans - Hard Money and traditional - Primary, Investment, commercial, land, fix and flip, construction.
@ SBA loans - 7A and 504.
@ Private money equity and debt for major investments
@ Personal Loans up to gross income from personal tax return.
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