Need a Funder or Vendor? START HERE

Results 1 to 8 of 8
  1. #1

    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,

  2. #2
    Senior Member Reputation points: 2902 JParr's Avatar
    Join Date
    Feb 2020
    Location
    Washington DC Area
    Posts
    113

    We may be interested.

    Give me a call so we can chat more about the property, current mortgage balance, and use of the funds.
    Joshua Parrish | SLIM Capital
    (415) 938-4977 | josh@slimcapital.com
    www.slimcapital.com

  3. #3
    Senior Member Reputation points: 5036 DiamondBL's Avatar
    Join Date
    Oct 2015
    Location
    Beverly Hills, CA
    Posts
    203

    Rough LTV and Loan Amount desired? What state?
    Feel free to reach out and we can chat about it - jon@diamondbl.com
    Jonathan Kohanoff
    B.R.E. #01962090

    Diamond Business Loans
    Beverly Hills, CA 90211
    jon@diamondbl.com
    www.DiamondBL.com

  4. #4
    Senior Member Reputation points: 81655
    Join Date
    Mar 2014
    Location
    Florida
    Posts
    2,854

    Quote Originally Posted by DiamondBL View Post
    Rough LTV and Loan Amount desired? What state?
    Feel free to reach out and we can chat about it - jon@diamondbl.com

    The property is owner-occupied. Home is in CA.
    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

  5. #5
    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

  6. #6
    With where the rates are in this market, the ROR on running a high interest rate second doesnt make sense.

  7. #7
    Senior Member Reputation points: 34509 Jstarr's Avatar
    Join Date
    Nov 2014
    Location
    South Florida
    Posts
    838

    California laws require you to be a licensed mortgage broker or lender. you can't broker or get paid on those deals unless you are licensed, these are the rules for every state.


    Quote Originally Posted by Kash View Post
    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,
    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

  8. #8
    Senior Member Reputation points: 66298 Olderguy's Avatar
    Join Date
    Sep 2021
    Location
    Irvine, CA
    Posts
    2,086

    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

    1012 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.

Similar Threads

  1. looking for mortgage on commercial property in NJ
    By joannabeans in forum All Other Lending
    Replies: 8
    Last Post: 05-26-2020, 07:58 PM
  2. Rental Property Mortgage Financing
    By harrychase in forum Promotions
    Replies: 0
    Last Post: 05-23-2017, 06:40 AM
  3. Replies: 7
    Last Post: 11-16-2015, 06:06 PM
  4. Replies: 4
    Last Post: 05-14-2015, 12:23 AM
  5. Replies: 2
    Last Post: 03-25-2015, 10:07 AM


Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  


INDUSTRY ANNOUNCEMENTS

BoA launches business loan marketplace
Quickbooks adds new LOC product
Dext Capital upsizes corp note


DIRECTORY