Results 1 to 5 of 5
-
09-26-2016, 02:42 PM #1
- Join Date
- Jun 2014
- Posts
- 84
Hard money deals
Looking for hard money lenders for real estate for 3 clients:
[*]Buffalo (commercial and residential 11 properties) - Excellent credit[*]New Hampshire (1 rental property)[*]Buffalo (numerous rentals)- very good credit
please get back asap
-
09-27-2016, 02:38 PM #2
- Join Date
- Oct 2014
- Location
- Naples, FL
- Posts
- 476
I can refer you to someone. Call me. Steven @ 786-712-4900
-
10-10-2016, 10:07 AM #3
IS this a Purchase or Re-fi ?
the commercial ( 11 ) properties, are they multi family, detached SFR or commercial ? and do they have a note or are they free and clear ? either way we love new york properties, Typically if it is something we like I will send out an LOI (offer) the same day and if your client agrees to the terms / rates, and all the numbers and property type make sense - we can close within 10 days offering Interest only payments and assist in getting him a more permanent solution after 6 months - Here are some items that may hinder or delay closings or offer's
1) the appraisal / BPO come back lower than we discussed - if your telling me that the property is worth x and our appraisal comes back y - we would have to adjust our offer - typically on residential we can go up to 80 % and commercial 65-70 % and the reason for that is when you re finance to a conventional produce you will need equity and the DP is your equity.
2) the property is Owner occupied - since we are a private lender and not a mortgage company there are laws that prohibit us from lending to a home owner that resides in the property unless its an investment property or rental.
3) title issues - many times we will find issues on title from previous closings that could consist of ( wrong legal description, liens,needing to quit claim to a corp etc,) but regardless we will fix the issue.
call me lets see if this fits our model..Last edited by Jstarr; 10-10-2016 at 10:31 AM.
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
-
10-11-2016, 10:20 AM #4
- Join Date
- Oct 2016
- Location
- Newark, NJ
- Posts
- 4
I can help you with your hard money loans. Up to 90% LTV. Rates from 6% to 8%. We fund 100% of rehab cost. 12 to 36 month terms. 5 to 7 day turn around. Shoot me a text with your contact info. Aaron - 407.924.1724
-
10-17-2016, 03:50 PM #5
- Join Date
- Oct 2016
- Posts
- 7
I recently had a client that went thru Lendinghome.com and had nothing but praises about their process. If anyone's looking for a good accountant in Baltimore area, send me a message.
Similar Threads
-
Need hard money lender!!!
By RWrenBLS in forum Deal BinReplies: 4Last Post: 06-21-2016, 02:04 PM -
Hard Money
By bdshaw in forum Deal BinReplies: 7Last Post: 02-17-2016, 04:27 PM -
Anybody handle deals in Vermont-hard money or otherwise
By JMKFunding in forum All Other LendingReplies: 3Last Post: 04-30-2015, 01:23 PM -
hard money for residential
By Jstarr in forum All Other LendingReplies: 2Last Post: 03-31-2015, 08:27 AM -
Hard Money Biz Loan
By 1StopFunding in forum Business LoansReplies: 1Last Post: 03-30-2014, 08:29 PM