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02-06-2015, 09:56 AM #1
Real Estate Loan $15k
Small Residential Real Estate Investor
- Good banks
- consistent deposits (rent deposits and proceeds from flips)
- good books
Has 2 properties on market and has opportunity to pick up 3rd, but has cash crunch until 2 houses sell.
Seeking $15k on 6-9mo term.
I know this may be a stretch and not a fit for most lenders, but if it's a fit for your shop or you might refer a lender, please let us know. Thanks.
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02-06-2015, 10:17 AM #2
- Join Date
- Jul 2014
- Location
- Online
- Posts
- 965
If he wants to use one of his properties until it's paid then he can payback the loan I have a lender that does flippers.
Amanda Kingsley
DailyFunder: WhoisKingsley
This is me. https://www.facebook.com/whoiskingsley
I am Here too. https://www.facebook.com/groups/TheClosersGroup
Always Live and Lead with Integrity.
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02-06-2015, 11:27 AM #3
- Join Date
- Dec 2014
- Location
- NYC/Florida
- Posts
- 86
Does he have an up to date appraisal on the property? If so contact me.
Last edited by IKorie; 02-06-2015 at 04:18 PM.
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02-06-2015, 05:15 PM #4
Yes to appraisals, but each has a mortgage, but has positive equity and there will be profit upon sale. One is under contract now, should be done soon.
Usually, I wouldn't take something like this, but guy is a pal of mine ... used to play poker together and his office is in my same complex.
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02-07-2015, 02:13 AM #5
- Join Date
- Oct 2014
- Posts
- 257
Real Estate Loan $15k
I'll cross collateralize his house or give him a second position hard money loan. Please email me henry@trustcapitalfunding.com
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