Results 1 to 7 of 7
-
03-31-2020, 02:56 PM #1
- Join Date
- Mar 2020
- Posts
- 10
Gap Funding needed for Flip Property in PA
Hi everyone,
I have a client with a property they're trying to flip in Philly. They need gap funding to get their last draw from their hard money lender. Statements are averaging 10k per month since December. No negatives. A few low deposits around holiday time (end of Dec/early Jan).
They need under 50k. Please leave a message in this thread or PM me w/ contact information for further discussion.
Thanks.
-
03-31-2020, 04:02 PM #2
- Join Date
- Mar 2014
- Location
- Florida
- Posts
- 2,891
Commercial or residential?
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
-
03-31-2020, 04:07 PM #3
- Join Date
- Feb 2017
- Posts
- 3,366
This is not a real estate deal, there's already a senior lender in first position. An MCA makes no sense either, waaaay too expensive and would kill the ROI on the deal. The client needs to use personal loans or lines of credit to get this done. Send me an email, I'll refer you to someone who can help, as long as the credit is 680+ (700+ ideal) and he's not maxed out on the credit cards. Otherwise, he should take a JV or F&F.
-
04-01-2020, 04:56 AM #4
- Join Date
- Mar 2020
- Posts
- 10
-
04-01-2020, 04:57 AM #5
- Join Date
- Mar 2020
- Posts
- 10
-
04-03-2020, 04:11 PM #6
- Join Date
- Mar 2020
- Posts
- 10
Client was denied. I would like to thank everyone that spoke to me about this deal.
-
05-15-2020, 08:15 AM #7
Peabody, you still working on this file, if so email/call me to discuss the options I am able to bring to you.
Gómez Capital Funding
Richard Gómez~Director of Funding
12555 Biscayne Blvd
North Miami, FL 33181
917.600.5647 Mobile
305.320.7125 Office
305.513.5735 Fax
Richard@gomezcapitalfunding.com
www.gomezcapitalfunding.com
Similar Threads
-
Gap Funding/ First Mortgage Fix & Flip in CA
By info@nsslending.com in forum All Other LendingReplies: 0Last Post: 10-29-2019, 11:23 AM -
MCA Needed for a property owner/manager of 15 location
By Davincinc in forum Merchant Cash AdvanceReplies: 9Last Post: 09-06-2018, 04:49 PM -
Anyone fund property flip company's with 1-2 substantial deposits a month
By ectorro in forum Deal BinReplies: 5Last Post: 06-26-2018, 01:53 PM -
DC Property $3.4MM funding needed
By WhoElse? in forum Business LoansReplies: 3Last Post: 04-28-2017, 02:17 PM -
$1M+ needed for 15 property bundle...
By TB-Commercial in forum Deal BinReplies: 8Last Post: 04-15-2016, 01:30 PM