Tough Refi / Hard Money – Assisted Living Facility 619 FICO | $995K Value | Balloon
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  1. #1

    Tough Refi / Hard Money – Assisted Living Facility 619 FICO | $995K Value | Balloon

    Looking to place a tough file: borrower has a 619 FICO, runs an assisted living facility (TIB 31 years, $35K/mo revenue).
    Property value: $995K (appraisal 9/2024) Located in South Carolina
    Current liens: IRS $70K and City of SC $24K
    Existing loan: $390K balloon due in 60 days

    Borrower looking to refi or go hard money to cover liens and balloon.
    Single owner, steady operation, property cash flows.

    Just gauging interest to see who might have a fit.

  2. #2
    Senior Member Reputation points: 25085
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    Jackson Hole Wy
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    I will take a look at this
    www.omegafund.com
    bzuniga@omegafund . com

  3. #3
    Senior Member Reputation points: 11755
    Join Date
    Dec 2023
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    Quote Originally Posted by ELrob View Post
    Looking to place a tough file: borrower has a 619 FICO, runs an assisted living facility (TIB 31 years, $35K/mo revenue).
    Property value: $995K (appraisal 9/2024) Located in South Carolina
    Current liens: IRS $70K and City of SC $24K
    Existing loan: $390K balloon due in 60 days

    Borrower looking to refi or go hard money to cover liens and balloon.
    Single owner, steady operation, property cash flows.

    Just gauging interest to see who might have a fit.
    Might have a fit for this one.

  4. #4
    I am an alternative financer, and also hard money lender. There’s no deal i cannot do and if we can’t fund it no one else on here is gonna be able to help you, that’s our confidence any deal any situation even out of Real Estate we find ways to fund it. Give me a call let’s chat about the deal. 9547023558

  5. #5
    Senior Member Reputation points: 11060
    Join Date
    Jun 2020
    Location
    Missouri
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    110

    Quote Originally Posted by Greatleaf View Post
    I am an alternative financer, and also hard money lender. There’s no deal i cannot do and if we can’t fund it no one else on here is gonna be able to help you, that’s our confidence any deal any situation even out of Real Estate we find ways to fund it. Give me a call let’s chat about the deal. 9547023558
    No name provided, the domain name on the email address is a landing page, the phone # comes back to a E.L.I. Capital Investments that does credit repair, business funding and real investing and wholesaling. Nothing about real estate financing. This does not sound like a direct lender. Just my two cents worth.
    Tom Harrier
    Integrity Commercial Loans, LLC
    407-928-8542
    [email protected]
    www.integritycommercialloans.com
    Licensed Florida Real Estate Broker

  6. #6
    Senior Member Reputation points: 34509 Jstarr's Avatar
    Join Date
    Nov 2014
    Location
    South Florida
    Posts
    849

    60% LTV, 30-year fixed ( I would need photos or address ) ..
    Last edited by Jstarr; 12-02-2025 at 02:31 PM. Reason: signature





    Jerry Starr

    Direct: 561-510-2302
    Office: 800-805-3391
    [email protected] | insourcefunding.net



    433 Plaza Real #275
    Boca Raton, Florida 33432

  7. #7
    I direct lend and I broker but I am direct on all my funds and we even control underwriting for most our private guys. Just a hustler but very well put in this game so if anyone wants to do good business please reach out.

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