Results 1 to 14 of 14
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12-01-2021, 03:31 PM #1
- Join Date
- May 2019
- Location
- Miami
- Posts
- 156
Need hard money lender
Looking for hard money lender, have everything ready. Need 1,556,000.00 buyer will put 30% down. He is sold on 3 points on the loan.
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12-01-2021, 05:19 PM #2
I have guys who can do 80% LTV purchase but won't be 3 points. What kind of property and what state?
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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12-01-2021, 05:21 PM #3
- Join Date
- Mar 2014
- Location
- Florida
- Posts
- 3,001
Dave Lambert, Business Development
dave@fcbankcard.com
Merchant Services Consultant
High Risk Merchant Payment Solutions
SBA 7(a) Loans & Short-Term Funding
Office: 727-233-1111
Skype: fc-financial
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12-01-2021, 07:24 PM #4
- Join Date
- May 2019
- Location
- Miami
- Posts
- 156
3 points is the fees, the rates 10s to 11s
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12-01-2021, 11:12 PM #5
There are lender fees and broker fees. Total is usually 5 points. I don't know of any hard money lenders that will have total fees at 3 points. Which suggests you have made an agreement with client with not enough information on how fees are determined for hard money loans...correct? And you still have not stated the location of the property and the type of property. Or LTV.
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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12-01-2021, 11:46 PM #6
- Join Date
- Jul 2014
- Location
- Jackson Hole Wy
- Posts
- 732
We do a lot of hard money commercial real estate loans and land loans. It all depends on the property type and location. Hard money lenders can be very location specific for deals.
Ben Zuniga
720-279-4345
bzuniga@omegafund.com
www.omegafund.com
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12-02-2021, 01:05 AM #7
- Join Date
- Mar 2014
- Location
- Florida
- Posts
- 3,001
Dave Lambert, Business Development
dave@fcbankcard.com
Merchant Services Consultant
High Risk Merchant Payment Solutions
SBA 7(a) Loans & Short-Term Funding
Office: 727-233-1111
Skype: fc-financial
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12-02-2021, 11:09 AM #8
- Join Date
- Mar 2021
- Posts
- 48
There is no need for private money in this current market unless the file is complete dog ****. If the property is NOO and it falls within 1 of the 18 states that does not require a lic, I can send you the list, you can book this deal yourself. NonPrime money is institutional money, therefore no lender points and the majority of my NOO pipeline is getting booked in the 4's on 30 year fixed, stated, stated, stated. Reachout with any questions.
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12-02-2021, 04:53 PM #9
I have a deal I am doing right now. $800,000 cash out loan amount, CA Duplex NOO (Non Owner Occupied) 59% Loan to Value 4.85% Interest Only for 10 years. 5 year prepay. Stated Income, Stated Assets. Total points 3.5% 1.75% to lender and 1.75% to broker.
Last edited by Olderguy; 12-03-2021 at 11:31 AM.
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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12-05-2021, 07:52 PM #10
- Join Date
- Apr 2020
- Posts
- 1
Give me a call, I have quite a few cash buyers that may be interested in something like this.
Brian Gibbs
310.435.9950
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12-05-2021, 07:58 PM #11
I have already discussed this file involving the buyers/sellers agent
Buyer needs hard money 75% and close in a week. No credit using appraisal.
This is what I got...
- Rate is 9.99%
- LTV is 65%
- Points are 2.50% lender, 2.5% broker.
- 12 - 24 Month term
- Close in LLC w/ NOO Disclosures
- No DSCR Requirement / No Min Credit Requirement
- Current Appraisal can be used with site visit or Broker confirmation
- 7 Day Close
Lender working on getting LTV to 75%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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05-16-2022, 11:53 AM #12
- Join Date
- Mar 2022
- Posts
- 89
Hi There - My name is Steve, my company is BizConnect and I’ll keep this quick.
We are running scalable Lead Generation platforms for some of your competitors that are performing VERY well.
I can explain the process in 10 minutes or less and have leads flowing to you and your team within a few days if you like it.
It works for all financial service businesses including Merchant Cash Advance, Invoice Factoring, Equipment Financing, Hard Money Lending, Residential Mortgage and more…. Basically, for any business that needs Exclusive, Real Time Leads, Clients, Customers, Patients, etc.
If you could find some time this week or next, let’s meet and talk for a few minutes to see if it fits your business – I think you’ll love what we do….
Here is a link to my Calendar, let me know when you are available:
https://calendly.com/steve-0412/free...&month=2022-02
Thanks,
Steve
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05-19-2022, 03:09 PM #13
- Join Date
- Nov 2021
- Location
- Brickell Miami FL
- Posts
- 156
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05-23-2022, 10:45 PM #14
Depends on state and type of property - Is it commercial or residential?
Jerry 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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