All Forum Posts by: Evan C. Davies

@Wayne Brooks thanks. Good to know. From what I’ve heard its pretty common place, but I may be incorrect.

Hello Arsen, I'm an Indianapolis-based private lending broker. I can offer refi, rehab, rental... you name it. I always compare rates for you across multiple lenders to get you the best deal. Let's chat!

No, I'm pretty sure I know. Realtors are able to partner with investors and give them direct MLS access.

Are there any Indianapolis area agents offering unlicensed assistant MLS access to a new investor such as myself?

To piggyback off of @Joe Villeneuve 's and @Marshall Downs 's comments, you can make money there, but Detroit is higher risk than average. You really need to know what you're doing and/or have a very trustworthy, experienced person with boots on the ground. Private lenders usually offer less leverage in Detroit (and Cleveland & sometimes Cook County, Chicago).

@Korie Apgar I'm a loan broker... if they're offering you a 6.5% fixed rate for 30yrs, that's a decent deal. If its an ARM, not so much. One of my lenders has 5.5% ARMs

@Jay Hinrichs Exactly!

Thank you three for the feedback. A corporation search is a good idea. I was highly skeptical of them myself.

Hello, I've been talking with individuals loaning under the umbrella of Financial Global, LLC out of San Jose, CA. They're offering a shockingly low rate of 4%, only do deals over 100k, and charge a 5k loan processing fee. They have a POF in the 8 figures range & the CEO is Craig Fenton. Has anyone worked with these guys before or know someone who has to be able to offer a recommendation good or ill?

@David Ferri ... I realize it has been a while since the OP, but if you still need financing to grow your business, as a loan broker I can get it for you.