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10-08-2015, 01:20 PM #1
- Join Date
- Oct 2015
- Posts
- 24
800k Hard Money loan Needed!
Brooklyn NY
mix use property is worth 1.1mil
borrower is willing to put down 30 percent.
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10-08-2015, 01:31 PM #2
- Join Date
- Jan 2015
- Posts
- 41
800k Hard Money loan Needed!
If he is putting 30% down, then is he actually looking for 560K?
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10-08-2015, 01:33 PM #3
that is not hard money. Hard money he needs 50% min down.
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10-09-2015, 11:44 AM #4
- Join Date
- Oct 2015
- Posts
- 24
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10-10-2015, 12:09 AM #5
There probably are a couple of reasons your client wants "hard" money at 30% down; problem with credit, financials,cannot provide financials, or timing. The only way you would get a lender to do 30% down is if the property can service the debt comfortably and if seller will hold a 2nd. 1.1M value is that also the purchase price?
If they were not seeking hard money then 30% down conventional is easily placed.
If you are asking for help to place a real estate deal on an MCA forum that you really are clueless. But hey maybe one of these other brokers can help you out. Get back to us if you get your hard money at 30% down.
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10-08-2015, 01:38 PM #6
- Join Date
- Oct 2014
- Posts
- 257
800k Hard Money loan Needed!
^^hard money doesn't mean 50% down. If you come to the table with 30% we can come to the table with 70% if it is in the 5 boroughs, Long Island, westchester, or jersey. 14% interest only no prepayment penalty. Email me henry@trustcapitalfunding.com
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10-09-2015, 11:42 AM #7
- Join Date
- Oct 2015
- Posts
- 24
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10-08-2015, 01:42 PM #8
I can get him a loan for the down payment so he can preserve that 30% for his operating capital.
Zachary Ramirez – CEO
Phone: 562-391-7099
Email: zach@zacharyjosephramirez.com
1661 N. Raymond Ave #265
Anaheim CA 92801
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10-09-2015, 11:36 AM #9
- Join Date
- Oct 2015
- Posts
- 24
Hey Zach Call me 917-470-0092
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10-09-2015, 12:19 PM #10
- Join Date
- Oct 2015
- Posts
- 10
prosperity
Instead of all of you going back and forth and arguing on what the deal really is I think you should let the masters make that decision and send the deal to gcglobal ventures and let my partner and I close and fund this 800k
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10-12-2015, 07:42 AM #11
- Join Date
- Aug 2015
- Posts
- 67
Let me know if you still need a hard money loan. I have a lender who can close in two weeks. Has their been an aprassial yet? Feel free to send me an email at doran@doransummers.com
Doran M. Summers
Small Business Loans & Commercial Loans
3960 Howard Hughes Parkway Suite #500
Las Vegas, NV 89169
Doran@DoranSummers.com
Www.DoranSummersFunding.com
217.799.0156
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10-15-2015, 05:36 PM #12
- Join Date
- Oct 2015
- Location
- Ohio
- Posts
- 5
Contact Lisa loans@bizlm.com
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