Need a Funder or Vendor? START HERE

Results 1 to 4 of 4
  1. #1
    Senior Member Reputation points: 5777
    Join Date
    Mar 2016
    Posts
    335

    Hard Money

    Got a client with a dirty account (defaulted MCA's, bad credit, unable to provide tax return). He has a property with 150k equity. Anyone want to point me in the right direction?

    Does about 100k per month. Not interested in WBL.

  2. #2
    Senior Member Reputation points: 30475 Zach's Avatar
    Join Date
    Nov 2013
    Posts
    1,732

    Not sure what can be done for this one. If it's free-and-clear, there may be hard money lenders who will consider it. Otherwise, it's a deal for the trash bin unfortunately.
    Zachary Ramirez – CEO
    Phone: 562-391-7099
    Email: zach@zacharyjosephramirez.com

    1661 N. Raymond Ave #265
    Anaheim CA 92801

  3. #3
    Senior Member Reputation points: 5777
    Join Date
    Mar 2016
    Posts
    335

    Quote Originally Posted by Zach View Post
    Not sure what can be done for this one. If it's free-and-clear, there may be hard money lenders who will consider it. Otherwise, it's a deal for the trash bin unfortunately.
    Are you saying WBL cannot do it?

  4. #4
    Senior Member Reputation points: 7360
    Join Date
    Aug 2015
    Location
    Boulder, CO
    Posts
    755

    Hey Ted,

    I do a lot of low interest (6% - 12%) real estate deals and my guess is that Zach is probably right.

    Bad credit and no tax returns will be hard with a real estate deal. Sometimes we can get past bad credit but if the client cannot or will not provide tax returns, it gets pretty tough.

    Sounds like it might not be worth your effort.

    Happy to talk though, if you are interested.

    Best,

    Dan Page
    Direct: (303) 938-8280
    dan@fundingstrategypartners.com

Similar Threads

  1. Looking for Hard Money Lenders
    By biggr in forum All Other Lending
    Replies: 0
    Last Post: 11-04-2016, 09:52 AM
  2. Hard money deals
    By bostriba in forum All Other Lending
    Replies: 4
    Last Post: 10-17-2016, 03:50 PM
  3. Hard Money RE Loan
    By dpFund in forum Deal Bin
    Replies: 5
    Last Post: 10-13-2016, 11:50 AM
  4. Hard Money Lending
    By omegafund in forum Promotions
    Replies: 0
    Last Post: 06-15-2016, 02:21 PM
  5. Hard Money
    By bdshaw in forum Deal Bin
    Replies: 7
    Last Post: 02-17-2016, 04:27 PM


Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  


INDUSTRY ANNOUNCEMENTS

SubcontractorHub, Lendica partner
BoA launches business loan marketplace
Quickbooks adds new LOC product


DIRECTORY