Results 1 to 7 of 7
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07-06-2020, 10:43 AM #1
- Join Date
- Mar 2019
- Posts
- 3
Collateral Loan
Who does collateral loans besides WBL?
Merchant looking for 70% LTV if possible.
Thanks
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07-06-2020, 10:46 AM #2
- Join Date
- Feb 2017
- Posts
- 3,395
I assume real estate? There are HUNDREDS of lenders who do real estate..... Is it owner occupied or a rental? Bridge or long-term financing? Is there debt service? How's the credit? Where is the property located?
Is it even real estate?
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07-06-2020, 11:00 AM #3
- Join Date
- Mar 2019
- Posts
- 3
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07-06-2020, 12:06 PM #4
- Join Date
- Mar 2014
- Location
- Florida
- Posts
- 2,924
Dave Lambert, Business Development
dave@fcbankcard.com
Merchant Services Consultant
High Risk Merchant Payment Solutions
SBA 7(a) Loans & Short-Term Funding
T/VM: 727-291-7890
Office: 727-233-1111
Skype: fc-financial
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07-06-2020, 02:49 PM #5
- Join Date
- Feb 2017
- Posts
- 3,395
Is there debt on it already? If you've never done a real estate deal before, it's honestly best to turn it over to those of us who can do it as a co-broker, or will take it over from start to finish. 30-year amortization or bridge?
BTW, SBA takes forever and the paperwork is just a huge headache! There are tons of non-bank private lenders out there that can do this, $100,000 to $20,000,000. Be in touch with me if this is your first real estate deal, email me and we'll set up a time to talk about it.
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07-06-2020, 04:02 PM #6
- Join Date
- Mar 2014
- Location
- Florida
- Posts
- 2,924
Dave Lambert, Business Development
dave@fcbankcard.com
Merchant Services Consultant
High Risk Merchant Payment Solutions
SBA 7(a) Loans & Short-Term Funding
T/VM: 727-291-7890
Office: 727-233-1111
Skype: fc-financial
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07-07-2020, 10:26 AM #7
- Join Date
- Feb 2017
- Posts
- 3,395
When you have to do income verification, it can get a hassle.
However, I know if plenty of direct lenders who do real 30 year amortization and even more that do bridges. No minimum and no maximum. With income verification, or without (it just needs good DSCR).
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