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Yesterday, 11:39 AM #1
- Join Date
- Jan 2016
- Posts
- 23
Reaestate House Flipper
We have a file of a buisness which assumes mortgages of homes, and then rehabs/ remodels the homes and then flips / sells the home.
They are looking for a "line of credit" based on the bnak statemnts and revenue of the business verses collatrellizing the property.
And maybe is willing to collaterize some of the propertys....but initially is looking for line of credit to pay for contruction costs.
Regards,
Adam
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Yesterday, 12:05 PM #2
- Join Date
- May 2021
- Posts
- 2
Consturction Loan
They should be doing a construction loan, if you need help feel free to email me at hector@allaccess.biz
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Yesterday, 12:11 PM #3
Not sure specifically the situation....I have a program where you can finance a purchase of SFR at 75% Loan to Value and then have a rehab fund of 100% Loan to Cost for fix and flip. But loan amount needs to be $100K or more to make sense.
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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Yesterday, 12:33 PM #4
- Join Date
- Feb 2017
- Posts
- 3,473
House flipping LOCs are more rare. Most lenders prefer doing house-by-house. I am doing a file now with a lender who will use some of the homes as the base collateral, and then give construction loans accordingly. Also, no appraisals, which is awesome. Send me an email, I can make an introduction if you'd like.
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Yesterday, 05:09 PM #5
- Join Date
- Jul 2024
- Posts
- 6
Hello! my name is Natalia, we can probably get him a line of credit easily, feel free to reach out!
Midwestern Financial Solutions
Natalia Durham - BDO
(305) 239-7681
email-nati@midwesternfinancialsolutions.com
MidwesternFinancialSolutions.com
Where your box ends ours begins.
https://www.linkedin.com/company/mid.../?feedView=all
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