All Forum Posts by: Jim Lally

@Vince Mayer Unfortunately we do not offer transactional funding for land.

100 % Transactional Funding Loan Amount-50K to 1M Fico- No Requirements!! 1-4 Unit Investment Properties Small Commercial Properties considered Lender-1.5 to 2 points Broker-1 to 2 points Territory-Nationwide A Double Close must take place in the same day between all 3 parties!

If interested please contact me at:  [email protected]  or 877-957-4357 x709

Nationwide Blanket Program! Fico: 680+ Loan Terms: 30 year Am. 5 and 10 fixed yr. terms. Loan Size: 700k-50M Max LTV: 75% Interest Rate: 5-6% Lender Points: 1 point Property Types: 1-4 unit investment properties. 5-20 unit MF Units Use of Funds: Purchase, Refinance, Refi cash out. Lending Territory: Nationwide except ND, SD, AK & HI Closing Time Frame: 45-60 days.

If interested please contact me at:  [email protected]  or  877-957-4357 x709

11CapitalFinance 

Foreign National Program: NO Proof of Income Necessary. NO SS Necessary. NO Citizenship Necessary. NO Green Card Necessary. Borrower MUST have established U.S. Credit Must be N/O/O (Non-owner occupied) Money in Foreign Banks or Offshore Accounts OK. 70% LTV Financing Available Purchases & N/O/O 65% LTV Financing Available Refinance – Stated. 65% LTV on O/O with ITIN# and proof of ability to repay. Only Requires a Passport. Loans from $100,000 to $5 Million (exceptions considered on higher loan amounts). Eligible Property Types: Residential SFR, Condo 2-4 Units, Non Warrantable Condos and Condotels OK, Multi-Family, Mixed Use, Office & Retail.

If interested please contact me at [email protected] or 877-957-4357 x709

Term: 5 & 10 -Amortization: 30 year -Interest Rate: 5-6% -LTV: Up to 75% -Loan Amount: $300,000-50 Million -Credit: 620+ -Property Types: SFR's, 2-4 units, 5-20 unit multifamily buildings. -Lending Territory: Nationwide -Min. of 3 units must be in the loan portfolio.

If your interested in learning more please contact me at [email protected] or 877-957-4357 x709

Low Doc/Stated Program No Income Stated or Verified N/O/O Only (SFR, Condo/Townhouse, 2-4 Units, Mixed-use, Office, Retail) $100,000 - $2,000,000 Loan Amounts (see our Hard Money Product for larger loans) 30 year amortization – 3, 5 or 7 year Fixed Term available Interest rates range from 7-10% depending on borrowers fico and LTV Prepayment Penalty Ranging from 1- 3 years Up to 75% Purchase with a 650 FICO Up to 70% Refinance with a 650 FICO FICO down to 500 with LTV Restrictions Interest Only Options Available No Reserves Required 1st time Home Buyer OR Borrower that Rents their Primary – OK Lender allows Gift of Funds and Non-Seasoned Assets

Please feel free to reach out to me anytime if your interested in learning more about this or any other type financing program you may need. I can be reached at [email protected] or 877-957-4357 x709

Thanks @Mat O'Grady I will try to make it!

@Jason Dye  So my understanding here is that your looking for a funding source for your buyer.  Is that correct?  Can you send me more details about the property and the buyer?  

Thanks

Jim

If you are currently wholesaling and looking for zero out of pocket transaction costs then this may be the right program for you.  The details of this program are outlined below:

Flip Houses With Zero Money Out of Pocket!

Loan Amount: $50,000 - 1 Million
Borrowers Fico: Does not matter as long as the borrower is not involved in any major lawsuits or IRS issues.
Property Types: Primarily 1-4 unit investment properties. Lender can consider small commercial properties as well.
Lender Points: 1.5-2 points. Points are based off of the money borrowed. Points can be taken out of the end sale so the wholesaler does not have to come to the table with cash.
Broker Points: 1-2 points in addition to lender points. Again these points can come out of the end sale.
Lending Territory: Nationwide
Other: Must be the same day funding. Our Client, Party B, is buying a property from Party A, and wholesaling it to Party C. A double close must take place in the same day from Party A to B and Party B to C; there fore the same title company must be used.

Please feel free to reach out to me anytime to discuss further.  I can be reached at:  [email protected]  or  877-957-4357  x709