Results 1 to 9 of 9
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01-13-2016, 02:59 PM #1
- Join Date
- Dec 2014
- Location
- NYC/Florida
- Posts
- 86
Needs 50-15k, Has Real Esate
Synopsis of File:
Real Estate investment Merchant seeks 200k. However would like 50-60k immediately. Has two bank accounts that have about 3-7 deposits every month about 5k-25k a month from each account. Has two properties as well to use as collateral.
Property 1: property in Vista CA. The property is Valued in the range of $850,000.00 and approximately $560,000.00 is owed. 1037 Beverly, Vista CA. 6 bed 4 bath 3188 sq ft year built 1970 lot size .64 acres property has detached granny unit (Bedroom, Bathroom, kitchen,living room) permitted.
Property 2: temecula property Value is safely at $485,000.00 and there was a recent BPO confirming that value. He is giving thought to closing in one of the rooms to make it a 4 bedroom property which would increase the value to about $520,000...at a cost of about $2,000.00 He currently owe about $325,000.00. 33932 Temecula Creek Road, Temecula CA
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01-13-2016, 03:14 PM #2
I wanna see how many different WBL reps respond to this one
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01-13-2016, 03:16 PM #3John Celifarco
Managing Partner
Horizon Funding Group
3423 Ave S
Brooklyn, NY 11234
T: (347) 773-3990 | F: (718) 795-1990
Linkedin: Profile
Email: john@horizonfundinggroup.com
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01-13-2016, 03:17 PM #4
Rather than equity, we primarily look at the CLTV (combined-loan-to-value). We lend up to 75% CLTV.
Unfortunately with both of these properties it looks like we would have to exceed the 75% CLTV threshold (unless he wants to take something small, like $25-50K). In addition, their revenue is too low to support the payments on $200K.
I don't think there is a deal here.Last edited by Zach; 01-13-2016 at 03:23 PM.
Zachary Ramirez – CEO
Phone: 562-391-7099
Email: zach@zacharyjosephramirez.com
1661 N. Raymond Ave #265
Anaheim CA 92801
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01-13-2016, 03:17 PM #5Zachary Ramirez – CEO
Phone: 562-391-7099
Email: zach@zacharyjosephramirez.com
1661 N. Raymond Ave #265
Anaheim CA 92801
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01-13-2016, 03:18 PM #6John Celifarco
Managing Partner
Horizon Funding Group
3423 Ave S
Brooklyn, NY 11234
T: (347) 773-3990 | F: (718) 795-1990
Linkedin: Profile
Email: john@horizonfundinggroup.com
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01-13-2016, 03:35 PM #7
- Join Date
- Jul 2014
- Posts
- 1,746
Needs 50-15k, Has Real Esate
I heard the sound of the front of 25 WBL rep's trousers ripping simultaneously just now.
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01-13-2016, 03:37 PM #8
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01-13-2016, 05:11 PM #9
- Join Date
- Dec 2014
- Location
- NYC/Florida
- Posts
- 86
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