Results 1 to 5 of 5
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05-17-2016, 04:26 PM #1
- Join Date
- Dec 2015
- Posts
- 16
Need Feedback: Hard Money Deal- $2.3M Home with $1M in Equity
Hi,
Looking for a place to take this deal. Client has a home in NY valued between $2M-$2.3M. Client has a consulting company LLC and would like to borrow against his home without getting a second mortgage. Client is seeking up to $1M to use for new venture. Client has about $1M in equity in the home.
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05-17-2016, 04:46 PM #2
Need Feedback: Hard Money Deal- $2.3M Home with $1M in Equity
I don't know about a million, but we can take a 2nd for between $100-500K
Zachary Ramirez – CEO
Phone: 562-391-7099
Email: zach@zacharyjosephramirez.com
1661 N. Raymond Ave #265
Anaheim CA 92801
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05-17-2016, 05:05 PM #3
- Join Date
- May 2015
- Location
- NC
- Posts
- 208
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05-19-2016, 10:49 AM #4
- Join Date
- Sep 2015
- Posts
- 9
Hello,
I can get this done for you. Hard money deals in NY or NJ a re right up my alley. Feel free to Call or Email me.
Lorenso Dennis
(407)-731-0545
Lorensod@hcslending
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05-21-2016, 01:07 PM #5
- Join Date
- Dec 2014
- Location
- Quogue, NY
- Posts
- 1,108
While we have in house investors that do hard money deals-this property seems as if its already at or near max LTV for hard money.. IF the property appraises at 2.3 (A VERY BIG IF), and it has $1M in equity- that means it has a 1.3 first.. 2.3 x 60% LTV is 1.38M.. Client nets 80k less points.. Doesn't seem to make sense.
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