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All Forum Posts by: Gary Wallace

Gary Wallace has started 15 posts and replied 30 times.

Post: New Investor looking for flips

Gary Wallace
Lender
Pro Member
Posted
  • Lender
  • Newport Beach, CA.
  • Posts 32
  • Votes 13

Hey Mitch. If you end up looking at properties in the San Diego area I work at a family office that balance sheets our loans and we are quick at funding. Feel free to reach out! MAX LTC 85% and competing rates.

Post: Small multi family refi+rehab. Hard money.

Gary Wallace
Lender
Pro Member
Posted
  • Lender
  • Newport Beach, CA.
  • Posts 32
  • Votes 13

Investment Info:

Small multi-family (2-4 units) fix & flip investment.

Purchase price: $2,900,000
Cash invested: $900,000
Sale price: $4,200,000

Refinance on 2.9mm value. We funded the rehab for 1.3mm. We loaned $900,000 on the for the refi and 100% of the rehab budget.

Post: Hard money funded loan

Gary Wallace
Lender
Pro Member
Posted
  • Lender
  • Newport Beach, CA.
  • Posts 32
  • Votes 13

Investment Info:

Single-family residence buy & hold investment in South El Monte.

Purchase price: $680,000
Cash invested: $510,000

We funded this loan in 48 hours. 75% loan to cost.

Post: Hard money funded loan

Gary Wallace
Lender
Pro Member
Posted
  • Lender
  • Newport Beach, CA.
  • Posts 32
  • Votes 13

Investment Info:

Small multi-family (2-4 units) private money loan investment in Los Angeles.

Purchase price: $1,500,000
Cash invested: $1,200,000

This was a bridge loan at 80% LTV and 9% for an experienced investor who will be refinancing out of our loan with a construction loan once permits are approved for construction.

Post: New purchase income property loan

Gary Wallace
Lender
Pro Member
Posted
  • Lender
  • Newport Beach, CA.
  • Posts 32
  • Votes 13

Investment Info:

Single-family residence private money loan investment in Sherman Oaks.

Purchase price: $3,285,000
Cash invested: $2,463,750

https://www.zillow.com/homedetails/4458-Mammoth-Ave-Sherman-Oaks-CA-91423/19986445_zpid/

Post: Looking for partner in Southern California or Nevada/Arizona

Gary Wallace
Lender
Pro Member
Posted
  • Lender
  • Newport Beach, CA.
  • Posts 32
  • Votes 13

Hi Bryan, I work with a family office in Newport Beach and we specialize in fix n' flip loans.  I am happy to connect with you to see how we'd be able to assist you.  Feel free to reach out to me at [email protected] or 949-357-9843

Post: Lending on Land Lease

Gary Wallace
Lender
Pro Member
Posted
  • Lender
  • Newport Beach, CA.
  • Posts 32
  • Votes 13

Can anyone recommend a lender that will loan on a non-owner occupied fix n' flip project for a condo in Palm Desert that sits on an Native American Land Lease?  

Post: Looking for Lender or to get Pre-Qualified

Gary Wallace
Lender
Pro Member
Posted
  • Lender
  • Newport Beach, CA.
  • Posts 32
  • Votes 13

Hey Nikel, what type of loan are you interested in? We'd love to see if we're the right fit for you.  

Post: Nashville Broker Referrals

Gary Wallace
Lender
Pro Member
Posted
  • Lender
  • Newport Beach, CA.
  • Posts 32
  • Votes 13
Quote from @Nkem Eze:

Hi Everyone. I am looking for referrals for commercial real estate brokers in the Nashville area. I am a physician and new real estate investor looking for multifamily properties. Any help will be greatly appreciated. Thank you!!


 Hey Nkem, A very good friend of mine is a commercial broker in the Nashville Market.  Feel free to respond to me here and I'll connect you with him.  

Post: ONE TICKET NEEDED TO BPCON PLEASE! 949-357-9843 - GARY WALLACE

Gary Wallace
Lender
Pro Member
Posted
  • Lender
  • Newport Beach, CA.
  • Posts 32
  • Votes 13

ONE TICKET NEEDED TO BPCON PLEASE! 949-357-9843 - GARY WALLACE