FREE DEAL : $150M Hotel / Casino
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  1. #1
    Senior Member Reputation points: 34509 Jstarr's Avatar
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    FREE DEAL : $150M Hotel / Casino

    i have a deal on an Atlantic city Hotel / Casino purchase for $150M appraised at 2B - if someone wants to invest the time i have the contact info and would be glad to hand it over ...i just don't have enough hours in the day to take on another deal ....... PM me.

    this could be a huge payday 1-2 % on $150M
    Last edited by Jstarr; 02-16-2016 at 03:44 PM.
    Jerry Starr
    Insource Funding
    433 Plaza Real,
    Boca Raton, Fl 33432
    P: 800-805-3391 Fx: 561-270-6895
    insourcefunding.net

    WHAT WOULD YOU DO " IF " YOU HAD THE CAPITAL

    ◆ 50% LTV - No Fico Required
    ◆ 90% CLTV on Purchases
    ◆ Investment Residential / Commercial Properties



  2. #2
    Sure ill bite, whats the catch

  3. #3
    Veteran Reputation points: 158919 J.Celifarco's Avatar
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    Quote Originally Posted by Jstarr View Post
    i have a deal on an Atlantic city Hotel / Casino purchase for $150M appraised at 2B - if someone wants to invest the time i have the contact info and would be glad to hand it over ...i just don't have enough hours in the day to take on another deal ....... PM me.

    this could be a huge payday 1-2 % on $150M
    is this Revel?
    John 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

  4. #4
    Quote Originally Posted by J.Celifarco View Post
    is this Revel?
    Funny thats what i was thinking as well, beautiful hotel, had a free room from losing a bunch at blackjack there.

  5. #5
    Senior Member Reputation points: 34509 Jstarr's Avatar
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    No catch, i just dont have the time - ill be happy to turn over the information but this has to be a seasoned lender no Mca brokers please, and i know who you are. - this deal is very complex and involves attorneys and hedge funds managers so you would have to be on your " A " Game....
    Jerry Starr
    Insource Funding
    433 Plaza Real,
    Boca Raton, Fl 33432
    P: 800-805-3391 Fx: 561-270-6895
    insourcefunding.net

    WHAT WOULD YOU DO " IF " YOU HAD THE CAPITAL

    ◆ 50% LTV - No Fico Required
    ◆ 90% CLTV on Purchases
    ◆ Investment Residential / Commercial Properties



  6. #6

    FREE DEAL : $150M Hotel / Casino

    I would be interested as I have a direct lender who can fund 90% ok deals over $10MM.

    Feel free to reach me at doran@doransummers.com
    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

  7. #7
    Senior Member Reputation points: 16709
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    good luck we see lots of large "big payday" deals, shopped all day by brokers who have no clue what they are doing and the borrower cannot keep all the brokers straight. They can be done but probably not by anyone on this board.
    Last edited by omegafund; 02-18-2016 at 07:13 PM.

  8. #8
    Senior Member Reputation points: 50566 ADiamond's Avatar
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    so the client wants a $150MM mca? i dont understand what the deal is.
    Anthony Diamond
    Underwriter

  9. #9
    Senior Member Reputation points: 23702
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    Quote Originally Posted by Jstarr View Post
    i have a deal on an Atlantic city Hotel / Casino purchase for $150M appraised at 2B - if someone wants to invest the time i have the contact info and would be glad to hand it over ...i just don't have enough hours in the day to take on another deal ....... PM me.

    this could be a huge payday 1-2 % on $150M
    I wouldn't waste my time on that deal either. Sounds like the world's longest rainbow - minus the pot of gold at the end.

  10. #10
    Veteran Reputation points: 135029 Chambo's Avatar
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    Quote Originally Posted by FUNd View Post
    I wouldn't waste my time on that deal either. Sounds like the world's longest rainbow - minus the pot of gold at the end.
    not wasting their time. They are looking to pass off the deal to someone else to take the reigns and close. Of course, they want a piece of the action for forwarding and email, but they aren't actually putting any work into this

  11. #11
    Senior Member Reputation points: 8656
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    i can provide a 150k cash advance
    Tommy Stein

  12. #12
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    ^^ literally lol'ing

  13. #13
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    FREE DEAL : $150M Hotel / Casino

    ^ Hahahahah!

  14. #14
    Senior Member Reputation points: 7162 TheShitzuofMCA's Avatar
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    Why is the word FREE so deceiving now a days.

  15. #15
    Senior Member Reputation points: 34509 Jstarr's Avatar
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    thanks for the response, we've placed the deal and arranged some subordinate and equity positions with a hedge fund.
    .
    Jerry Starr
    Insource Funding
    433 Plaza Real,
    Boca Raton, Fl 33432
    P: 800-805-3391 Fx: 561-270-6895
    insourcefunding.net

    WHAT WOULD YOU DO " IF " YOU HAD THE CAPITAL

    ◆ 50% LTV - No Fico Required
    ◆ 90% CLTV on Purchases
    ◆ Investment Residential / Commercial Properties



  16. #16
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    Quote Originally Posted by Jstarr View Post
    thanks for the response, we've placed the deal and arranged some subordinate and equity positions with a hedge fund.
    .
    Welp, that was easy.

  17. #17
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    Quote Originally Posted by Jstarr View Post
    thanks for the response, we've placed the deal and arranged some subordinate and equity positions with a hedge fund.
    .
    Did you switch the processing?
    Please tell me you switched the processing.

  18. #18
    Senior Member Reputation points: 34509 Jstarr's Avatar
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    wasnt a 150M MCA - This is a Hard money purchase for The revel Casino / hotel in AC - i just dont have the time to invest in this but if you want a stab at it contact CK 914-804-2033, This is a deal that could be easily done with a hedge fund or multiple in a subordinate debt / equity position - but please no MCA brokers....
    Jerry Starr
    Insource Funding
    433 Plaza Real,
    Boca Raton, Fl 33432
    P: 800-805-3391 Fx: 561-270-6895
    insourcefunding.net

    WHAT WOULD YOU DO " IF " YOU HAD THE CAPITAL

    ◆ 50% LTV - No Fico Required
    ◆ 90% CLTV on Purchases
    ◆ Investment Residential / Commercial Properties



  19. #19
    Senior Member Reputation points: 30475 Zach's Avatar
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    I just called and offered him a $300K cash advance, do you have the app and banks?
    Zachary Ramirez – CEO
    Phone: 562-391-7099
    Email: zach@zacharyjosephramirez.com

    1661 N. Raymond Ave #265
    Anaheim CA 92801

  20. #20
    Senior Member Reputation points: 17365 jfeinberg's Avatar
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    I just called and funded within 15 min. 50k 24th position verbal signed contract.

  21. #21
    No one will pay that much .

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