[Shawn C. O'Neil]

Clients:
Husband and Wife
Retired, retirement income ~$5k per month
Credit Scores 770+

Primary residence
Value 120k
1st 45k
Heloc 15k

Rental properties - All fully rented (total monthly rent roll = $3,675)
All properties in the name of their LLC
4 Unit
Value 100,000
No mgt

3 more SFR
All Valued at 60K with no mortgages

Accepted offer on a property with a purchase price of $44,000
willing to put 25% down

However they know that most don't like to lend this little so they have another property in mind for 44K that they would like to purchase.

So minimum loan would be 33K, but would like 77K.

Who would like to take a look at this deal. Seems to me to be pretty easy with as much equity as they have.
Please pm me or email me at Shawn@BusinessLendersOfAmerica.com

[CpepeWBL]

Shawn,

We specilaize in allowing merchants to leverage real estate they own. Please email me at cpepe@wbl.com.

Regards,

Chris Pepe
Vice President
World Business Lenders, LLC
Tel + 1 212 293 8210

[Zach]

What state are they in? Seems like a simple equity deal. Feel free and contact me using the info below.

[Joseph Esparza]

Clients:
Husband and Wife
Retired, retirement income ~$5k per month
Credit Scores 770+

Primary residence
Value 120k
1st 45k
Heloc 15k

Rental properties - All fully rented (total monthly rent roll = $3,675)
All properties in the name of their LLC
4 Unit
Value 100,000
No mgt

3 more SFR
All Valued at 60K with no mortgages

Accepted offer on a property with a purchase price of $44,000
willing to put 25% down

However they know that most don't like to lend this little so they have another property in mind for 44K that they would like to purchase.

So minimum loan would be 33K, but would like 77K.

Who would like to take a look at this deal. Seems to me to be pretty easy with as much equity as they have.
Please pm me or email me at Shawn@BusinessLendersOfAmerica.com

This is more a Mortgage in nature than an MCA Advance in my opinion:

This is a No Income / No Asset / Cash-out Refi., on a Non-Owner Occupied multi-unit investment property, likely at 60% LTV. To which they take those fund and apply it to the downpayment of approximately 30-40%, to purchase the one they want. The 770+FICO score will allow them to go without proof of income. That is the fastest and easiest route.

If they choose to show income: The total rent-roll revenue, assuming the properties are free and clear, will be based on 75% of all rent collected, minus Taxes and Insurance paid annually + the $5,000 retirement income they earn, which must be no more than say 38% of the Debt Service to assume the purchase; namely, the new PITI + any monthly revolving debt + any other mortgages they may have. Doable but a lot more work...

If you need a referral, I have the guy for you,

My best,
Joseph

[Erin Dreselly]

I emailed you!

[goswipe]

I have private money available . 100% finance for NOO investment property . Call Brian 646 546-8975
The Merchant Group USA