800k Hard Money loan Needed!

**prosperity** · 10-08-2015, 01:20 PM

Brooklyn NY
mix use property is worth 1.1mil
borrower is willing to put down 30 percent.

**Avell Group Consultants** · 10-08-2015, 01:31 PM

If he is putting 30% down, then is he actually looking for 560K?

**brokerCompany** · 10-08-2015, 01:33 PM

that is not hard money. Hard money he needs 50% min down.

**anydealfunded** · 10-08-2015, 01:38 PM

^^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

**Zach** · 10-08-2015, 01:42 PM

I can get him a loan for the down payment so he can preserve that 30% for his operating capital.

**prosperity** · 10-09-2015, 11:36 AM

Hey Zach Call me 917-470-0092

**prosperity** · 10-09-2015, 11:42 AM

Originally Posted by anydealfunded

^^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

Hey Henry, I sent you an email.

**prosperity** · 10-09-2015, 11:44 AM

Originally Posted by brokerCompany

that is not hard money. Hard money he needs 50% min down.

speak what you know

**ChezkyGCG** · 10-09-2015, 12:19 PM

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

**brokerCompany** · 10-10-2015, 12:09 AM

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.

Originally Posted by prosperity

speak what you know

**D360** · 10-12-2015, 07:42 AM

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

**Lisa7455** · 10-15-2015, 05:36 PM

Contact Lisa loans@bizlm.com

Thread Tools

Display