Results 1 to 9 of 9
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11-23-2021, 10:21 AM #1
- Join Date
- Jun 2021
- Posts
- 42
Other Lending
Hi,
If you guys could recommend any of your real estate and equipment financing partners it would be greatly appreciated!
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11-23-2021, 01:28 PM #2
- Join Date
- Jul 2014
- Location
- Jackson Hole Wy
- Posts
- 727
We do real estate mostly private and hard money. Just depends on the location.
No owner occupied. Just commercial and land
Ben Zuniga
Bzuniga@omegafund.com
Omega Funding
720-279-4345
Www.omegafund.com
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11-23-2021, 02:35 PM #3
We fund equipment deals. I just posted today in 'Promotions' some recently funded deals.
$25k to $3MM
Up to 72 Month Terms
100% Financing Available
We will consider additional collateral for deals that fall outside of our credit based programs
Happy to jump on a call to discuss our programs in more detail.
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11-23-2021, 03:11 PM #4
Real Estate is complicated and you need multiple lenders depending on the scenario. You can do hard money SRF O/O if the funds are used for business. NOO (Non Owner Occupied) also as well as 1 - 4 units. Then there is rehab who can do up to 100% at cost. And commercial has options - hard money, traditional, SBA backed, It is just not as simple as Real Estate Lending.
Full Doc / Bank Statement 650 Credit required
Loan Amounts $ 100,000 to $ 2,500,000
Fixed Term and Amortization to 30 years
Fixed Rates from 4.875% to 9.75%
Up to 75% LTV on Refinances and 80% on purchases
Most commercial property types
Full Doc 620 Credit required
Loan Amounts $ 200,000 to $ 10,000,000
Up to 75% LTV
Amortization 25 or 30 years
Term: 5,7 & 10
Fixed Rates from 4% to 6%
Recourse: Full and partial
Property Types: Multi-Family, Mixed Use, Office, Retail, Light Industrial/Warehouse, Self-Storage, Commercial Condo, Mobile Home Parks, Investment Residential (1-8 Units), Short Term Rentals, Automotive, Restaurants (including quick service), Parking Lots/Garages
No Doc 620 Credit required
Loan Amounts $ 100,000 to $ 2,500,000
Fixed Term and Amortization to 30 years
Fixed Rates from 7.75% % to 10.75%
Up to 75% LTV
Most commercial property types
Non-Prime - more flexible lite income doc
Loan Amounts $ 100,000 to $ 1,500,000
Fixed term and amortization to 25 years
Fixed rates from 7.99
Up to 70% LTV
Most commercial property types
Bridge - Hard Money
Loan Amounts from $ 100K to $ 10M
Interest only terms 1 to 3 years
Rates 7.99% to 10.99%
70% of As-Is Value and 75% ARV
Most Commercial property types
Rehab and land separate.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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11-23-2021, 04:56 PM #5
- Join Date
- Jun 2021
- Posts
- 42
thanks guys ! I will be reaching out
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11-24-2021, 12:01 PM #6
- Join Date
- Mar 2021
- Posts
- 48
NOO 80LTV cashout and RT refi - 85LTV purchase - stated. stated, stated down to a 575 FICO - $5mil max loan amount at this time - rates in the 4's on a 30 year.
With where the NonPrime market is there is no reason for private money unless the file is complete dog ****.
You can book this paper direct with no license in ~18 states - you are paid directly from title - no broker daisy chain - no non sense. I can send the state lic list.
NOO deals are not complicated - straight forward UW.
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11-24-2021, 12:04 PM #7
- Join Date
- Feb 2017
- Posts
- 3,427
FudnNonPrime, you should have contact info (and it better be a branded domain!) in order to make this forum work for you.
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11-24-2021, 02:55 PM #8
- Join Date
- Mar 2021
- Posts
- 48
Got it, let me throw some time at that, I am new to Daily Funder. Desk 707.521.0911
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11-24-2021, 02:58 PM #9
- Join Date
- Mar 2021
- Posts
- 48
More Better
Andrew Goldthorpe
Desk 707.521.0911
NewPoint Mortgage Wholesale
Andrew.Goldthorpe@NewPointMortgage.com
NewPointMortgage.com
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