If its do able email me: Info@pbigfunding.com
Need a Funder or Vendor? START HERE

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  1. #1
    Member Reputation points: 12
    Join Date
    Oct 2015
    Location
    Hartford, CT
    Posts
    25

    If its do able email me: Info@pbigfunding.com

    - 12% interest
    - 9 month term

    If this is a possibility then please go ahead and email me back or call me 408-655-0510 anytime today or Monday.

    I'm attaching a PFS. I have $2.2M in assets against $1M in liabilities for a net worth of $1.2M. This shows my net worth, but I don't want to use my primary residence to collateralize a loan. I want to collateralize a loan with the property I'm purchasing itself.

    Here is a summary of the next 4 houses I'm flipping. You can choose to fund any or all of these if you can offer the terms I listed above.

    143 Fox Glen Drive West, Pickerington, OH 43147
    ARV = $300K
    Rehab = $30K
    Purchase Price = $193K
    Requested Loan Amount = $235K

    1904 Quaker Ridge, Green Cove Springs, FL 32043
    ARV = $420K
    Rehab = $68K
    Purchase Price = $231,244
    Requested Loan Amount = $310K

    1855 Shannon Lake, Middleburg, FL 32068
    ARV = $125K
    Rehab = $26K
    Purchase Price = $61K
    Requested Loan Amount = $97K

    2719 Upset Court, Green Cove Springs, FL 32043
    ARV = $145K
    Rehab $15K
    Purchase Price = $85K
    Requested Loan Amount = $110K

  2. #2
    We have a 90% loan to cost (LTc) and 100% rehab program.

    Stated Income, Stated Assets, Stated Net Worth

    No Full Appraisal required, will need BPO, and other sources to determine the As Is Value

    If property is purchased at an 11% discount or greater than the As Is Value, we will fund 90% of the clients contract price

    We will fund on a draw 100%, need a list and cost of the Rehab items

    Interest rate starts at 7% (depends on ltv and experience)

    Terms for 6 to 12 months

    Shoot me an email to doran@doransummers.com

    Not sure if we can fund in Ohio but I know we can fund in FL.
    Last edited by D360; 11-03-2015 at 02:34 PM.
    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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