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Updated over 7 years ago,

User Stats

11
Posts
1
Votes
Peter Mlaguzi
  • Residential Real Estate Broker
  • Miami, FL
1
Votes |
11
Posts

Short term loan with collateral

Peter Mlaguzi
  • Residential Real Estate Broker
  • Miami, FL
Posted
Hello, First time doing this so not familiar with the structure but here it goes. I am a real estate broker and investor, but acting as a broker in this particular deal. I have a client who's looking to purchase a condo, but due to a bankruptcy that was filed 6.5 years ago, we have not been able to get financing the conventional way. He's seeking short term lender, 16-18 months, and willing to put as collateral, warehouses that he owns valued in the 850-900k range. Details: Purchase price: 490k Down payment: 122,500 Loan needed: 367,500 Condo is located in Miami, his warehouse are located in South Florida. Any guidance or if interested in underwriting the deal, please contact me. Thanks in advance.

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