All Forum Posts by: Jeff Basler

Hi Steve

Thank you for the opportunity this morning.  As mentioned, the standard ~ out of the box reno/flip loan program is priced at 13.99%.  Points are relative to the risk associated with each project because of its effect on the overall yield to both SRC and our customer.

For example, if you were to flip or wholesale a property in 2-3 months vs. 4 and the fee is 6% your cost of capital is drastically higher ~ so then is our yield.  And so we prefer to price every opportunity relative to the project profile.  

Do you think most lenders will discount a fee/point if a customer sells a property prior to maturity thus reducing the cost of capital? 

Security Realty & Capital, LLC is proud to announce that it has funded a credit facility secured by single family investment properties in Kansas City, Missouri.

The credit facility will help KC Property Group lead by Brooks Mosier, Andy Lightfoot and Nick Barella (with permission) quickly close on the purchase of single family homes for the purpose of developing turnkey assets for both domestic and foreign investors.  

Security Realty & Capital, LLC is a private fund serving the professional renovation community in Kansas City, Florida and Austin.

If you're in search of a funding partnership committed to the ~"Everybody must win" philosophy please then consider Security Realty & Capital, LLC.

Security Realty & Capital simplifies the complexity and sometimes daunting task of obtaining short-term loans for fix and flip opportunities in Kansas City, Missouri and Kansas.

As a direct lender we originate, fund and service the portfolio from our office right here off Barry Road.

If you share in the "everyone must be better-served when our transaction is completed" philosophy we'd be delighted to speak with you.  We offer the following products:

~ Fix and flip loans to 70% LTV

~ Competitive rate and fee structure

~ Transaction funding for wholesale opportunities

~ Friendly and accessible decision makers 

If you or someone you know (customer, agent, wholesaler, broker, investor) is need of a direct lender who understands from an investors perspective ~ please call today.

Hi Charlie

Thank you for the input/advice. It's much appreciated and will be weighed heavily.  It would indeed be prudent to offer a cash price. In this case we would covert the sale only to 75,000.00

Kind regards. 

Security Realty & Capital offers the opportunity to obtain fast credit decisions and competitive structures on renovation loans between $15,000 and $250,000 with a simple submission package. We’ll have your answer, under normal conditions, within 2 business days after a credit package is received; that makes Security Realty& Capital a simple & fast way of doing business for the renovation professional!

Available in Kansas, Missouri, Austin and Florida.

Lets explore opportunity together!

Security Realty & Capital would like to offer a professional real estate investor an opportunity to purchase this split level home in Independence, Missouri with Raytown schools.  The home has a new roof, siding and HVAC.  Estimated renovation costs ~ $20,000.00-25,000.00.  

Home shall be purchased with financing by Security Realty & Capital.  Terms for loan is 6 months at 13.99% and 5 points.  

We provide the asset and loan ~ you the renovation crew, adequate credit and track record.  For other properties please respond to my email below.  Property available November 17th.

Thank you,

Thank you Adrian.  I appreciate the direction.

Jeff

Security Realty & Capital, LLC would like to invite a seasoned individual with a working knowledge of the short sale process to join our team. If you have the experience we have the capital.

SRC is not an expert in this vertical.  To that end ~ we invite you to help us purchase short sales through direct mail or in connection with your expertise.

Thank you for your consideration,

(we are also interested in Tampa Florida)

Security Realty & Capital, Llc, a private real estate fund based in Kansas City is searching for a real estate professional with 3 years minimum experience to act as our proxy buyer in both Jackson County and Platte County, Missouri.  

Your duties include aggregating courthouse sales, updating sale times one week in advance, verifying opening bids, clearing title with our title company and representing our offer at the courthouse steps.  

For more information on this rare opportunity please contact Jeff Basler at 913 221 9080 or by email.

Thank you for your consideration,

Thank you for the insight Vince.  We've considered this approach so that an individual has some cash consideration.  Currently, we provide the opportunity after an initial scrub so that the lead is "warmer" and then split the profit 50-50.  Its worked out well however the lead inventory continues to rise and so locating folks that understand the economics in lead generation (the cost between generation and profit) can be a hurdle.  Much appreciated.