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12-05-2023, 04:48 PM #1
- Join Date
- Jun 2023
- Posts
- 7
Residential Home Builder $1.9M/Monthly Rev Needs $500k
- Located in Colorado
- TIB since 2019
- 785 Credit
- No positions
- Over 40 deposits a month
Needs $500k preferably by 12/7/23 but no later than 12/12/23 to cover closing cost on a property.
Will take him at minimum 3 weeks to pull cash out of properties with hard money lenders and 45 days plus with the banks which is too long.
Big issue with the guy is that he has never taken out a MCA and wants a very low rate with no pre payment penalty.
He is willing to put liens on his properties if need be to get a lower rate. He owns multiple properties free and clear.
As long as he can get the money quickly it will be a done deal even if he complains about the interest.
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