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All Forum Posts by: James Spence

James Spence has started 4 posts and replied 6 times.

My startup real estate management company's business plan and proposal was reviewed by two venture capital groups. Both groups approved my company for working capital injections for $5MM and $8.5MM. The $5MM deal requires an $6500.00 attorney escrow fee and $8.5MM requires a Performance Surety Bond of 1% which is $50,000.00. Where can I can find a temporary transitional loan, bridge loan, private lender or funding partner to assist with closing these deals. 

Post: Off Market Mulit-Family

James SpencePosted
  • Entrepreneur
  • Escazu, San Jose
  • Posts 8
  • Votes 0

How do I find Multi-Family properties off the market in Chicago, California, or New Jersey?

I would like to find properties with 100+ units at the least. Thanks all.

Post: Can Someone Help Me Decipher This Lender Offer?

James SpencePosted
  • Entrepreneur
  • Escazu, San Jose
  • Posts 8
  • Votes 0

Thanks Robert. Awesome rundown!!!

Post: Can Someone Help Me Decipher This Lender Offer?

James SpencePosted
  • Entrepreneur
  • Escazu, San Jose
  • Posts 8
  • Votes 0

I'm still new to this. Can someone thoroughly explain these terms?

65% ltv max of the PP due to fico & 4 Plex, 40/3, 10.99-11.99% (will firm up upon receipt of the appraisal) , 6 mos pp, 2 points & $1300 lender fees

Post: Multi-Family Investment Venture

James SpencePosted
  • Entrepreneur
  • Escazu, San Jose
  • Posts 8
  • Votes 0

thanks Joel

Post: Multi-Family Investment Venture

James SpencePosted
  • Entrepreneur
  • Escazu, San Jose
  • Posts 8
  • Votes 0

I was on a website called showcase.com and found various multi-family real estate investments available in the Atlanta market. How do I go about finding investors who would be willing to JV with me on one of these?