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  1. #1

    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?

  2. #2
    Senior Member Reputation points: 7360
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    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

  3. #3
    Senior Member Reputation points: 43599 brokerCompany's Avatar
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    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

  4. #4
    Senior Member Reputation points: 1422
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    Not sure what you consider low interest but LiftForward is exactly that, deals over $150k require real estate. Term product, monthly payments,etc.

  5. #5
    Senior Member Reputation points: 105
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    Apr 2016
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    LiftForward

    Quote Originally Posted by GMFunding View Post
    Not sure what you consider low interest but LiftForward is exactly that, deals over $150k require real estate. Term product, monthly payments,etc.
    Thank you for the shout out!

    Sean
    LiftForward
    917.477.6534
    sean@liftforward.com

  6. #6
    What type of loan your client is looking for?

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