Results 1 to 6 of 6
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03-06-2017, 10:01 AM #1
- Join Date
- Oct 2014
- Posts
- 26
Looking for low interest loan backed by real estate
Have a client that says hes got a 725 FICO and wants a long term low interest 150k loan that an be backed by free and clear property worth 150-200k.
Anybody do this on here?
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03-06-2017, 10:33 AM #2
- Join Date
- Aug 2015
- Location
- Boulder, CO
- Posts
- 755
I do a lot of real estate loans (doing one now for 60 properties, pulling out $4MM).
This is a pretty small deal but possible, if it is not raw land or personal residence.
Rates 7% - 8% range for long term. Assuming the values you stated above, client could likely pull $100k - $130k out of the property.
Feel free to reach out and discuss.
Best
Dan Page
Direct: (303) 938-8280
dan@fundingstrategypartners.com
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03-06-2017, 01:27 PM #3
what type of property? Smaller deal but there are some good funds that can do these smaller deals at under 8 but pain to work with
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03-06-2017, 02:54 PM #4
- Join Date
- Dec 2013
- Location
- Connecticut
- Posts
- 332
Not sure what you consider low interest but LiftForward is exactly that, deals over $150k require real estate. Term product, monthly payments,etc.
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03-06-2017, 06:00 PM #5
- Join Date
- Apr 2016
- Posts
- 103
LiftForward
Thank you for the shout out!
Sean
LiftForward
917.477.6534
sean@liftforward.com
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03-16-2017, 02:53 AM #6
- Join Date
- Mar 2017
- Posts
- 3
What type of loan your client is looking for?
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