Results 1 to 2 of 2
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11-03-2015, 11:53 AM #1
- 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
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11-03-2015, 02:31 PM #2
- Join Date
- Aug 2015
- Posts
- 67
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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