Results 1 to 8 of 8
-
03-31-2015, 12:38 PM #1
- Join Date
- Mar 2015
- Posts
- 62
Equity Deal for 150k on 900k appraised value properties. 620 FICO.
Got a call from a guy I know who is trying to squeeze 150k out of his 900k worth of commercial properties. Two at 400k and one at 100k - No judgements, no tax liens, just no current business cash flow. Credits not there for the traditionals.
Anybody have any ideas? I'd appreciate it.
Thanks,
AlanLast edited by Skytop; 03-31-2015 at 12:55 PM.
-
04-01-2015, 07:40 AM #2
- Join Date
- Mar 2015
- Location
- NY
- Posts
- 39
Alan,
Where is the property located
-
04-01-2015, 08:49 AM #3
- Join Date
- Aug 2014
- Posts
- 28
Equity Deal for 150k on 500k appraised value properties. 620 FICO.
How much equity does he have in the properties?
-
04-01-2015, 09:56 AM #4
-
04-01-2015, 09:57 AM #5
- Join Date
- Mar 2015
- Posts
- 62
-
04-01-2015, 11:53 AM #6
- Join Date
- Oct 2014
- Posts
- 257
Equity Deal for 150k on 500k appraised value properties. 620 FICO.
I can close on this in 15 business days. The rate is 14% interest only over 2 years. If this is what you say it is there is no need to put up 900k worth of property. You will only need to put up one property worth 400k.
-
04-16-2015, 10:32 PM #7
- Join Date
- Apr 2015
- Location
- New York City & Florida
- Posts
- 82
I have done many deals using collateral/ real estate .Call me at 347-570-0024 Cell 917-651-6834 George Sotomayor
-
04-17-2015, 11:44 AM #8
- Join Date
- Jan 2015
- Posts
- 41
Equity Deal for 150k on 500k appraised value properties. 620 FICO.
I should be able to get him up to 3 years interest only using just one of the properties. PM me if you would like to discuss further
Similar Threads
-
Fine Art Oil Paintings $100K+ needed this week, appraised $247K - can anyone do this?
By John Pedersen in forum All Other LendingReplies: 7Last Post: 04-20-2015, 11:11 AM -
Auto Dealer in TX - 720 Fico - $350k a month - looking for $100-$150k at around 1.20
By Increment1 in forum Deal BinReplies: 8Last Post: 04-18-2015, 09:38 PM -
500k Marijuana deal up for renewal in March
By csourcefunding in forum Deal BinReplies: 8Last Post: 02-24-2015, 02:11 PM -
Need a funder willing to do 500K bank only deal
By Meo35 in forum Deal BinReplies: 8Last Post: 08-20-2014, 12:19 PM -
Need a funder willing to do 500K bank only deal
By Meo35 in forum Merchant Cash AdvanceReplies: 7Last Post: 08-15-2014, 02:17 PM