Funding Via Connected Investors CiX Exchange

[Rob Javins]

Has anyone ever used, or know anyone who has secured financing via Connected Investors CiX Exchange?

[Elise Whittenburg]

Hi All, I responded to another CIX post with this information but wanted to pass it along to you all as well

@Elizabeth Clyde @Andrew Shepard @Tony Marcelle @Jonathan Wei

I was VERY hesitant to call CIX but did so at my husbands request to look at other financing options. After I entered all of my information I had the first phone call within 30 seconds from CIVIC financial services. Another 10 minutes later, I had a call from Sprout. During my call with Sprout, I had a third caller try to make contact. Civic and Sprout were pretty easy to talk to, but they asked very generalized questions. Civic sent me this marketing sheet on their fix/flip program... 7.99% interest, must be paid off within 1 year, will give you 70-75% of ARV... that particular program was pretty interesting. They also had a couple of ARM options which I wasn't super interested in as a buy/hold investor. I may consider using their fix/flip program if I could refinance after the rehab with a local lender.

This is very surface level information...I guess CIX just sends your information to those lenders who are part of their network.  Then you pick a lender that best fits your need.

Have you checked in with a commercial lender vs CIX? I have a local commercial lender who created a lending package specifically for our needs. We are refinancing 2 of our current properties and taking out a revolving line of credit. The loan package is a multi-collateral deal where we can add to our portfolio or sell properties as needed with out the full refinance costs each time.

If I get anymore info in the next couple of days from CIX, I'll update my post