$2 Million Credit Lines for Acquisition/Rehab

[Greg Carr]

I am currently offering secured credit facilities to experienced real estate investors in 26 states across the nation. Apply now and secure up to $2,000,000 for the acquisition and rehab of distressed properties.

Details

• $150,000 net worth required
• Experienced Investors Only (Must have completed two flips or existing rentals)
• One time approval process with updated credit/financials every 9 months
• Advance rate up to 85% of Cost (Acquisition + Rehab)
• Single Family and Small Multi-family (less than 40 units)

States Available:

Alabama, Arizona (Minimum Loan of $250,000), California (Coming Soon),Connecticut, Delaware, District of Columbia, Florida, Georgia, Illinois, Indiana, Maryland, Massachusetts, Michigan, Missouri, New Jersey, New York, North Carolina, Ohio, Pennsylvania, Rhode Island, South Carolina, Tennessee, Texas, Virginia, Vermont, Washington, Wisconsin

Application

Fill out the pre-approval application and email it to:

[email protected]

Pre-approval can be processed in as little as 20 minutes if received from M-F. After the pre-approval, we will need supporting documents and then you are ready to go.

About Us

New Western and Sherman Bridge Lending provide investors with everything they need to get started. We provide investor consultation, discounted investment properties, contractor lists and other local resources, and several different loan programs to meet our investor's needs.

New Western and Sherman Bridge Lending are BBB accredited businesses.

Questions? Email: [email protected]

Or post in the comments below.

[Gordon T.]

@Rick Baggenstoss Yes, one of New Western's founders, Kurt Karlton, is CEO of Sherman Bridge and it is our sister company. 

As far as brokering any houses Sherman takes back.... I believe Sherman has one of the lowest default rates in the country, in the neighborhood of .006%. New Western would't be able to keep our doors open if we were waiting to resell a deal that Sherman took back! Nah most of our deals come from good old fashioned hard work... and maybe a little bit of luck? I've only closed two this month but I got one from the last batch of yellow letters I sent out and the other after two grueling months of negotiating with fannie until we got the price low enough to make sense for everybody.

I think the signs you are referring to are the for sale signs posted at a property??? (we dont do any sort of billboards or throw bandit signs, so those are the only ones I can think of) 

Those are actually homes that have been renovated and we are listing for our investors on the backside. As much as I hate doing it, I try my best to assist my investors from a-z so I will occasionally list the property for them on the retail side. (I actually have one listed right now.... so if that was my house you saw, let me know if you know anyone looking to buy it! =) My investor went a little over on the rehab budget on it, so me listing it for him is going to save him 3% and recapture his profits)

Let me know if you have any other questions Rick. Give me a shout if you ever find yourself around Buckhead and would like to discuss over coffee/lunch. I'm always open to picking the brain of a successful local investor!