Property/Equity Loan - $150K - 200K
Need a Funder or Vendor? START HERE

Results 1 to 2 of 2
  1. #1
    Member Reputation points: 31
    Join Date
    Apr 2017
    Location
    Orange County, CA
    Posts
    90

    Property/Equity Loan - $150K - 200K

    To be clear, I don't think there is a deal here but I have been wrong before. Client has a personal property recently appraised at 3MM. Has a 1st and Second totalling 65% or 1.9MM.

    Wants 200k to pay for litigation on a soon-to-be settlement of 5MM, taking him up to 70-72% LTV. Soon to be is 9-12 months in my book. He thinks sooner.

    How amazing is the client you ask! Let me tell you.

    He sold his dental practice and building to the company he is litigating with. So his credit is crap and his revenue is retirement and fixed income at this point.

    Again, I don't know who or if anyone has an interest in this type of deal but I am inquiring anyway.

  2. #2
    Senior Member Reputation points: 72398 Olderguy's Avatar
    Join Date
    Sep 2021
    Location
    Irvine, CA
    Posts
    2,244

    Where is it located? If it's primary residence may have an option but need to know where it's at...And what is his Fico...I have some creative lenders but this is probably a reach.

    Reach out.
    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.

Similar Threads

  1. who else if anyone else can use equity in property besides WBL?
    By Sachip24 in forum Merchant Cash Advance
    Replies: 6
    Last Post: 12-18-2018, 03:00 PM
  2. Loan for 200k in a personal property?
    By IKorie in forum All Other Lending
    Replies: 1
    Last Post: 11-06-2017, 11:31 AM
  3. Replies: 6
    Last Post: 05-23-2017, 08:51 PM
  4. Replies: 11
    Last Post: 10-07-2015, 10:03 AM
  5. IHOP Owner Looking for 150k-200k
    By Superior124 in forum Deal Bin
    Replies: 12
    Last Post: 01-23-2015, 01:37 PM


Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  


INDUSTRY ANNOUNCEMENTS

Pipe secures $100M credit facility
Cloudsquare: 14 new lender APIs
FundKite survey finds 77%


DIRECTORY