Results 1 to 9 of 9
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03-20-2023, 02:25 PM #1
- Join Date
- May 2014
- Posts
- 4
NEED 2nd position hard money on 1.2M Jersey Shore Beachfront Property
Need a hard money loan on a 2nd position Jersey Shore Beachfront property. This is a rental home with excellent financials. Property value is $1.2M and it has a 1st position of $225k @4%.
NEED $250k for 3 years as a 2nd position.
Let me know if you can get it done. Thanks.
Kenny Shaw, Consolidated Funding
o: 888-502-8883 ext.101
c: 305-259-0095
kshaw@consolidatedfunding.net
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03-20-2023, 02:48 PM #2
- Join Date
- Jul 2014
- Location
- Jackson Hole Wy
- Posts
- 732
Possibly if it is NOT Owner Occupied
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03-20-2023, 03:00 PM #3
- Join Date
- May 2014
- Posts
- 4
It's not owner-occupied, it's a rental single-family home.
This beach house listing makes $4000/wk in the summer and a minimum of $45k/yr in rental income.
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03-20-2023, 03:18 PM #4
Look into getting a LOC from a local credit union....
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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03-20-2023, 04:00 PM #5
- Join Date
- Feb 2014
- Location
- Florida
- Posts
- 266
Look into Ironwood, they offer a property sale lease back program.. 50% LTV..
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03-20-2023, 04:37 PM #6
- Join Date
- Jul 2014
- Location
- Jackson Hole Wy
- Posts
- 732
Should be quick . Connect to discuss bzuniga@omegafund.com
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03-21-2023, 01:17 PM #7
- Join Date
- Dec 2021
- Posts
- 638
Marcus Clapman
Capybara Capital
marcus@capybarausa.com
www.capybarausa.com
646-708-5986 (Text Friendly!)
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03-24-2023, 01:09 PM #8
- Join Date
- May 2014
- Posts
- 4
Yeah, trying to get this funded.
Kenny Shaw, Consolidated Funding
o: 888-502-8883 ext.101
c: 305-259-0095
kshaw@consolidatedfunding.netKenny Shaw, Consolidated Funding
o: 888-502-8883 ext.101
c: 305-259-0095
kshaw@consolidatedfunding.net[/email]
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03-27-2023, 02:12 PM #9
- Join Date
- Apr 2017
- Location
- 1301 NJ-36, Bldg#2, Ste#5, Hazlet, Nj, 07730
- Posts
- 143
Use Biggerpockets to find the right Hard money lender if in good condition you can get past Appraisal possibly and fund in 10 days... If you need any help email Brian@futurefunding.co hard money deals only pay 1-2% from lender limited on max fees for secured transactions ..
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