Results 1 to 9 of 9
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03-20-2023, 02:25 PM #1Noob
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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 #2Senior Member
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Possibly if it is NOT Owner Occupied
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03-20-2023, 03:00 PM #3Noob
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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 #4Senior Member
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Look into getting a LOC from a local credit union....
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.
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03-20-2023, 04:00 PM #5Senior Member
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Look into Ironwood, they offer a property sale lease back program.. 50% LTV..
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03-20-2023, 04:37 PM #6Senior Member
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Should be quick . Connect to discuss bzuniga@omegafund.com
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03-21-2023, 01:17 PM #7Senior Member
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Ken your on here ? your one of the most busiest guys...Its probably one of your many admins using your account !
Originally Posted by kennyshaw
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 #8Noob
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Yeah, trying to get this funded. Originally Posted by MCA-VET
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 #9Senior Member
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- 1301 NJ-36, Bldg#2, Ste#5, Hazlet, Nj, 07730
- Posts
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Originally Posted by Olderguy
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 .. Originally Posted by kennyshaw
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