hardmoney lender
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  1. #1

    hardmoney lender

    looking for a hard money lend that will give a loan for 450k. client has 4 properties that are paid off and are worth a million dollars. 2 are commercial, 1 is mixed used commercial residential and one is residential.

    need someone interest only for a year asap.

  2. #2
    Senior Member Reputation points: 7360
    Join Date
    Aug 2015
    Location
    Boulder, CO
    Posts
    755

    Hi Chris,

    Yes, I get a decent amount of these done.

    Full Disclosure: I am a direct lender but this is not something I do in-house. Rather, I get them done through a colleague. We have one right now that just went to term sheet today for $4.1M.

    Typically it is a 1 or 2 year term, 30 year Amoritization with no pre-pay.

    Feel free to reach out so we can discuss.

    P.S. If it does not work for me you should talk with Zach Ramirez.

    Best,

    Dan Page
    Direct: (303) 938-8280
    dan@fundingstrategypartners.com

  3. #3
    Senior Member Reputation points: 68233
    Join Date
    Dec 2014
    Location
    Quogue, NY
    Posts
    1,108

    Hey Chris... If our Investor/Lender likes the properties location and value, they can close immediately on the 450k- assuming the title report has been received. If they have to order title it will take up to 10 days..

    Key is location and value..

    Richard 516 510 3855

    www.businesscapitalconsultants.com

  4. #4

    hardmoney lender

    Hey Chris this should fit into our wheelhouse and will have a few options for them. Give me a ring at 212.293.8210.

    Regards,

    Chris Pepe
    Vice President
    World Business Lenders



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