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All Forum Posts by: Account Closed

Account Closed has started 30 posts and replied 105 times.

Post: Seeking Hard Money for Marijuana-Related Real Estate

Account ClosedPosted
  • Lender
  • Charlottesville, VA
  • Posts 126
  • Votes 28

Ramsay Capital Corp. helps commercial real estate owners and/or buyers obtain financing for properties that will have legal marijuana (MJ) tenants. 

Only strong, experienced landlords are represented. Both retail buildings and cultivation/ production warehouses are involved. Purchase money mortgages and cash-out refis are sought ( including real estate equity lines).

With passage of the 2015 Omnibus Spending legislation ( Continuing Appropriations Act of 2015), the risk of federal seizure of MJ-related real estate in legal states is virtually eliminated. Risks of lending are reduced, while competition for leases is at an all-time high.

Hard money lenders are sought. Contact Richard by reply or at 434-325-7229.

Post: What is the best online mortgage company for remote MLO's?

Account ClosedPosted
  • Lender
  • Charlottesville, VA
  • Posts 126
  • Votes 28

That is, mortgage lender or broker that accepts apps and docs from mortgage loan originator/ employee that is out-of-office. Looking for good service and prices.

Thanks, that makes sense. Except, my state's licensing board told me that I could be sponsored by more than one licensed in-state broker. ( Ie., two masters.)
I am not going to mess with it.

Post: cost of corporate credit building programs: worth it?

Account ClosedPosted
  • Lender
  • Charlottesville, VA
  • Posts 126
  • Votes 28

They work, but usually not for real estate. Commercial lines up to $100K, usually.

I have gotten mixed messages on this. As a properly licensed MLO can I take apps for more than one sponsoring lender in my state(s)?

If so, don't I become a sort of mini-broker: Shopping my apps to my multiple sponsors? For the best price?

Is this allowed? Is it state-specific?

Archie