$300k HELOC, $1MM+ equity
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  1. #1

    $300k HELOC, $1MM+ equity

    Anyone interested in a consolidation deal, 3 positions, ~$300k. Can offer personal res as collateral; value >$1MM, owns free and clear.

    Has spotty payments on 3 positions, so tech defaults. Ideally looking for HELOC or "like" LOC, effectively a first mortgage.

  2. #2
    Senior Member Reputation points: 68639 Olderguy's Avatar
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    Irvine, CA
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    What state? Can't do hard money on primary residence. Used to if cash out was for business purposes.
    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.

  3. #3

  4. #4
    Can you send me the details at apiccolo@lhfundgroup.com?

  5. #5
    Senior Member Reputation points: 218103
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    I sent you a reference, check your DM

  6. #6
    Senior Member Reputation points: 61
    Join Date
    Nov 2022
    Location
    NYC
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    I can do this
    347-377-0223 give me a call at my personal number whenever you are free

  7. #7
    Quote Originally Posted by chrisa View Post
    Anyone interested in a consolidation deal, 3 positions, ~$300k. Can offer personal res as collateral; value >$1MM, owns free and clear.

    Has spotty payments on 3 positions, so tech defaults. Ideally looking for HELOC or "like" LOC, effectively a first mortgage.
    We do deals like this. get in touch.

    Our funding Criteria:

    - 5k minimum funding
    - 6 month Min.time in business
    - B, C, D paper
    - Offers not based on credit score - low credit ok
    - Response time (realistically) as low as 60 minutes
    - 1st - 5th position - Up to 38% withhold of net deposits
    - As low as 1.32 buy rates
    - Terms up to 140 days (weekly's upon approval)
    - Max Upsell to 15 points
    - Early Payoff Discounts
    - 15k a month average revenue
    - Minimum of 5 deposits per month
    - Minimal stips for contract (VC & ID)
    - Docusign Contracts

    - We also offer asset/inventory/accounts receivable backed term loans/lines of credit. Not MCA based. Bankable rates.



    Michael Ross
    Lendbug LLC
    New York, NY
    Mross@lendbug.com
    646-360-0411

  8. #8
    Senior Member Reputation points: 4457
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    Florida
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    Check with Ironwood.. they offer a Sale Lease Back program.. essentially they will fund 50% LTV, minus any debt showing on the title.
    Monthly payments of roughly 1% of the funded amount, 1 year term, with option to extend up to 10 years. Buy back the real estate at 75% of the original transacted value. Pretty easy process, not a lot of upfront fee's if any.

    For more details, reach out to:

    Jarret Ortmann
    361 384-4304 Direct
    361 245-5140 FAX
    361 589-9719 Office
    jarret@ironwoodfinance.com

    ironwoodfinance.com
    Shannon Harris
    Funding Specialist
    888-705-8818 phone
    239-790-2664 fax
    Shannon@StellarBusinessFunding.com
    www.stellarbusinessfunding.com

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