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06-27-2024, 03:57 PM #1
- Join Date
- May 2024
- Posts
- 30
Best lenders for collateralized financing?
I'm looking for a company that would be willing to use a residential property as collateral for a business loan.
I'm currently onboard with TVT and WBL.
I want to add a couple others that can bridge some of the gaps between these companies. WBL's rates are too high right now and TVT has good rates but not the best approvals and they strongly prefer to use commercial properties.
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06-27-2024, 04:14 PM #2
SBA loans can.
Also I can do them if the residential property is non owner occupied.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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06-27-2024, 05:09 PM #3
- Join Date
- May 2024
- Posts
- 30
The merchant isn't qualified for an SBA
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06-27-2024, 11:37 PM #4
- Join Date
- Dec 2023
- Posts
- 66
Last edited by Incbiz440; 06-28-2024 at 12:12 AM.
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06-28-2024, 12:42 AM #5
- Join Date
- Aug 2018
- Posts
- 897
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06-28-2024, 06:37 AM #6
- Join Date
- Oct 2022
- Posts
- 295
What collateral?
Elon Henek
HCI - Glen Cove, NY
Main: 1-516-676-1854
Cell: 1-516-236-4086
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06-28-2024, 08:02 AM #7
I can do it if it's primary residence in California or Florida.
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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06-28-2024, 01:52 PM #8
- Join Date
- May 2024
- Posts
- 30
Residential property, A paper file, Didn't show positive revenue on taxes.
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06-28-2024, 04:16 PM #9Steve 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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06-28-2024, 05:23 PM #10
- Join Date
- May 2024
- Posts
- 30
It is owner occupied but im looking for a lender, not looking to co-broker or superbroker this file.
Basically looking for a company similar to WBL with better rates
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07-05-2024, 08:48 AM #11
If it's owner occupied you don't understand the process. You can't ask for a lender. You need a mortgage broker that's licensed in the appropriate state. Only a state licensed broker can work with a lender. You can't without a broker's license. A national bank can do it too but there's no commission for you that way. I have a guy who can do it if it's Florida or California. And he has a bank statement program as well.
Last edited by Olderguy; 07-05-2024 at 10:08 AM.
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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