Looking for a Private Lender (investor) in the Sarasota Florida area

[Michael Hickmott]

My company, EquaTrust Properties, has several free and clear performing and stabilized rental properties. We have been in business roughly 2 years. We do not flip or wholesale properties. We only purchase, rehab and rent to hold. We do not ever deal with banks, period. I am a General Contractor and we have a CPA and Certified Financial Planner as partners. The company is an LLC set up as a partnership for tax purposes. The loan will be to that company and not to me personally. I do business on this basis, every deal stands on its own, and my individual situation is of no concern to anyone, if you want a credit report just ask. It's business to business.

I am looking for about $120,000.00, either a line of credit using the properties or cash out. Here are my preferred financing terms;

No points, $120,000, for 36 months, 8% interest paid monthly, with a 36 month term then the principle is retired. 1st mortgage lien against the properties. I prefer to NOT deal with Hard Money, unless I can borrow the way I prefer (as above). Why, because I require $120,000, not 65% of $120,000 (funding is 100% only on every single deal), my “skin” in the game are these free and clear properties, which are worth approximately $200,000, each has solid rental track records. If you are a broker, DO NOT CONTACT ME unless you can meet the above conditions, Principles only. Use of funds to purchase and rehab new properties, so they are also free and clear title.

WE never pay up front fees for anything so if you ask the answer is no. All monies and agreements will be through our company lawyer and through the escrow account; insurance and taxes are paid into this account and confirmed by our attorney and not withheld or paid to any other lender account. We are looking for a strategic partner and one that will be able to fund about 1.2 million, based on market conditions over the next 36 months. If you or someone you know is interested in this arrangement then contact me [email protected]

EquaTrust Properties

www.Eqtrust.com