Results 1 to 7 of 7
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11-16-2015, 10:57 AM #1
- Join Date
- Sep 2012
- Posts
- 199
Property Flipper with 3 Free and Clear Houses
Haven't messed around with real estate too much since I got out of the mortgage biz in 2010. However, I have a long time cash advance client who owns 3 single family homes free and clear. They are titled in a business name (not individual). He would like to take cash out of them to work on other projects while they are on the market.
I would prefer to work with a direct lender on this deal if possible but not against co-brokering either. There won't be any credit issues on this deal.
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11-16-2015, 11:03 AM #2
I am just going to say it now, WBL is the place. Now lets see all the WBL people say "send it to me"!
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11-16-2015, 11:05 AM #3
- Join Date
- Oct 2013
- Location
- New York, NY
- Posts
- 1,203
Im sure you'll get a few now.
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11-16-2015, 11:07 AM #4
- Join Date
- May 2015
- Location
- NC
- Posts
- 208
Obviously, WBL can do this as long as his business has sufficient deposits or you can look at doing cash-out refinances on the properties. Visio Lending has a cash-out program on investment properties currently listed for sale. Here's my contact at Visio:
Taylor Kleve
Visio Financial Services Inc.
o: 512-334-1467 | c: 319-360-4990
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11-16-2015, 11:16 AM #5Regards,
Matthew A. Stucchio
Associate
World Business Lenders, LLC
120 W. 45th St.
5th & 29th Floor
New York, NY 10036
Main: (212) 293-8200
Direct: (212) 220-6018
Fax: (646) 417-7161
Email: Mstucchio@wbl.com
www.WBL.com
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11-16-2015, 11:36 AM #6
- Join Date
- Jul 2014
- Location
- Jackson Hole Wy
- Posts
- 730
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11-16-2015, 12:53 PM #7
- Join Date
- Dec 2014
- Location
- Quogue, NY
- Posts
- 1,108
Again other than MCA firms that leverage Real Estate (and some Private Hard Money types) this space is not where Commercial Real Estate Lenders troll.. Depending on property type, guarantor credit (even if it owned by the Corp), Corporate Fiscal Fitness, location, and appraised value will determined the actual available capital to be pulled out. We are a Mortgage Brokerage and can assist on a co brokerage basis.
Richard 516 510 3855
www.businesscapitalconsultants.com
775 Park Avenue Suite 255
Huntington, NY 11743
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