Results 1 to 7 of 7
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08-31-2015, 11:58 AM #1
- Join Date
- Apr 2015
- Posts
- 159
Hard-Money / Real Estate Collateral deal - $500k
Need a pure hard-money lender that will entertain this deal.
Here is the skinny:
- Needs appx. $100k to re-fi the building where she operates + working capital
- Owns property in Maui, Hawaii worth $500,000 with $110,000 left on it
- Revenues appx. $12k/mo. - not enough to support amount of capital needed
Which hard money lenders can I take this to?
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08-31-2015, 12:13 PM #2
I'd say to give WBL a shot they like deals like this ask for Humayyun he's a good guy and will definitely take a look at it and spell some options out
Michael Jagiello
Director of Client Acquisitions
Blue Granite Funding LLC
mjagiello@bluegranitefunding.com
1(718)873-6407 Cell
1(917)791-8911 Fax
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08-31-2015, 01:51 PM #3
- Join Date
- May 2015
- Location
- Long Island
- Posts
- 247
Unless I am mistaken you will need a minimum of $20K/$25K a month through the biz for a WBL offer.
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08-31-2015, 01:59 PM #4
- Join Date
- Jan 2015
- Posts
- 93
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08-31-2015, 02:49 PM #5
This guy's cashflow is too low for the $100K he is asking for (through WBL).
Max we would offer would be ~$24KZachary Ramirez – CEO
Phone: 562-391-7099
Email: zach@zacharyjosephramirez.com
1661 N. Raymond Ave #265
Anaheim CA 92801
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08-31-2015, 05:02 PM #6
- Join Date
- Jan 2015
- Posts
- 41
Hard-Money / Real Estate Collateral deal - $500k
You might be able to get a hard money loan, interest only monthly payments. But any lender in this space will pay off the existing mortgage, making the loan 210k. What would be your client's exit strategy to pay off the principal in full 2-3 years down the line? Why isn't he trying to do a traditional refinance of the property?
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09-01-2015, 09:23 AM #7
- Join Date
- Aug 2015
- Location
- Boca Raton, FL
- Posts
- 47
Sincerely,
Jay Rich
President/Senior Funding Advisor
Anthem Financial Group, Inc
Phone: (561) 510-0801
jay@anthemfinancialgroup.com
LinkedIn, connect with me: LinkedIn
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