[holdinghand]

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.

[Zach]

I don't know about a million, but we can take a 2nd for between $100-500K

[rick_clsfunding]

...would like to borrow against his home without getting a second mortgage...

Wait, what?? By definition, borrowing against your home as security is a mortgage. Your handle "holdinghand" is apropos in this instance...

[Lorenso dennis]

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

[RichardGerard]

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.