[Richr7az]

Looking For A Hard Money Loan on a Primary Residence.

Money will be used to put into his Business

High End Home Appraises About $8 million

What LTV can you go ? What Ball Park Interest Rate ? What Kind of Points ? Any PrePay Penalty ?

Currently Has a $2.2 million First Loan on property that he will be willing to Payoff.

Would like to net about $2.5 million

Let me know

Rich Rose
Rainstar Capital Group
rich@rainstarcapitalgroup.com
602 309-1007

[Olderguy]

Yes - I can do a second lien. but these aren't hard money....They require financials.

Rate can be as low as 12% - 14% though

If it's high end make sure there are comps in the area and it's not one of a kind

I have a guy who can do CA stated income up to 65% LTV...18% - 24%,

Reach out.

[dpFund]

Be Cautious Rich,

Any lender that makes a loan on a primary residence needs to be licensed in that state.

And in order for you to get paid on it... you need to be a licensed mortgage broker.

It would be a RESPA violation for you to get paid unless you are a licensed mortgage broker in that state. Not worth the risk.

Best,

Dan Page

Boulder Equity Partners LLC
Direct: (303) 938-8280
www.BoulderEquityPartners.com
dan@BoulderEquityPartners.com
BoulderEquityPartners@gmail.com

[Olderguy]

Be Cautious Rich,

Any lender that makes a loan on a primary residence needs to be licensed in that state.

And in order for you to get paid on it... you need to be a licensed mortgage broker.

It would be a RESPA violation for you to get paid unless you are a licensed mortgage broker in that state. Not worth the risk.

Best,

Dan Page

Boulder Equity Partners LLC
Direct: (303) 938-8280
www.BoulderEquityPartners.com
dan@BoulderEquityPartners.com
BoulderEquityPartners@gmail.com

A natonal bank can do it. Doesn't need a state license.

Yes, national banks can make primary residence loans in any state:

National banks and uniform federal standards: National banks operate under uniform federal standards across state lines.

Real estate lending: National banks can make real estate loans without regard to state law limitations on licensing, registration, filings, or reports.

[dpFund]

A natonal bank can do it. Doesn't need a state license.

Yes, national banks can make primary residence loans in any state:

National banks and uniform federal standards: National banks operate under uniform federal standards across state lines.

Real estate lending: National banks can make real estate loans without regard to state law limitations on licensing, registration, filings, or reports.

Yes, makes sense that a National Bank can lend.

Just cautioning Rich to be careful about getting paid origination unless he has a mortgage broker's license in that state for consumer loans. Don't want him to get in trouble.


Dan Page

Boulder Equity Partners LLC
Direct: (303) 938-8280
www.BoulderEquityPartners.com
dan@BoulderEquityPartners.com
BoulderEquityPartners@gmail.com

[Olderguy]

I have access to a national bank but only make 1% commission on the deal.