[iFundEveryday]

Hey guys! Does anyone know who does collateralized deals? I have a merchant who has multiple positions that are falling off and he would like to put some real estate up in order to qualify for a higher dollar amount. Any suggestions? Thank you!

[Olderguy]

If it's basic hard money property loan, I have been doing a lot of them.....have several lenders I use. Some are blanket loans covering all properties with one loan. Some require loan on each property.

You can finance investment property - residential 1 - 4 units, more than 4 units, mixed use properties, land, commercial property, agriculture, etc.

One has no Fico requirements.

Can get up to 75% Loan to Value cash out on these programs. If Fico below 650, LTV goes down.

Here are your options:

Bridge loan - 24 months Interest Only - runs around 11%. Can have no prepayment penalty up to 6 months to a year depending on the lender.

10 year interest only, amortized 20 after. This program has a bit of a lower rate and is good for rental properties as it offers the lowest payment. However, it does have a 5.4.3.2.1 prepayment penalty. Thats 5% first year, 4% second year, etc. You can buy down the prepay to 3 years for 1% cost. To 1 year at a 5% cost. AGain there are variations.

30 year fixed.....this is for long term fixed and the rate is the lowest of the two above. It also has the 5,4,3,2,1 prepayment penalty.

These loans are NoDoc (no income documentation) or SISA (Stated income stated assets)

You can also do a dscr on 1 - 4 units and the rates gets into the 8% range.

Reach out with questions or help.

Lender fees run 0 - 3%
Broker fees usually I charge 3% up to $1M and 2% over $1M
I split with brokers at 50%.
If there are multiple brokers I can do a three way split at 3%.


And if they qualify can also do a SBA 7A collateralized over $350,000 with business or personal assets. 10% 30 years. Adjusts quarterly.

[MCA-VET]

Hey guys! Does anyone know who does collateralized deals? I have a merchant who has multiple positions that are falling off and he would like to put some real estate up in order to qualify for a higher dollar amount. Any suggestions? Thank you!

PM me. a very close friend of mine thats all he does ... Abstract capital from property. text me ill make the hook up --its not my area.

[omegafund]

Hey guys! Does anyone know who does collateralized deals? I have a merchant who has multiple positions that are falling off and he would like to put some real estate up in order to qualify for a higher dollar amount. Any suggestions? Thank you!

Get him a real loan with his real estate. Commercial Property is easy if equity

bzuniga@omegafund.com
www.omegafund.com