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12-20-2023, 01:57 PM #1
- 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.
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12-20-2023, 02:10 PM #2
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.
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