All Forum Posts by: Mark Callazzo

@Clenvic CaymeWelcome to BP! I have a restaurant in Atlantic City, it is The Iron Room. I spend a lot of time in AC and have developed lots of relationships. If you ever need anything or ever need funding for a client or yourself please feel free to PM me. Good luck! 

Santosh, 

We will provide up to 90% Purchase, 100% Rehab. 

We lend on SFH and Multi-Family

We lend in MD and in NY.

@Patrick Wheeler I understand you are looking for the cheapest route for your cost of capital. That being said, I see very often that many do not understand the fine details of using a really strong hard money lender. We should talk and I can maybe help you. 

Steve,

Welcome to BP! PM me and we can discuss getting you a better experience. 

@Alex Yong We are as competitive in leverage provided on hard money loans as any lender around. We provide up to 90% on the purchase and 100% construction based off of 65% LTV on the ARV. That is with a strong borrower and strong deal. The only time we have funded 100% is if someone owned a property free and clear and cross-collateralized the property in lieu of the down payment to cover that 10-20% of acquisition. We do equity deals where we fund 100% of the deal being 50/50 equity partners for the project. I hope this helped answered your question from a hard money lender.

@Brian Clark Welcome to BP! We are located by the Naval Base in Lakehurst, NJ. There are many great people on this forum who have great knowledge and experience. The material available is great for learning and expanding on what you already know. I hope we can meet eventually. Good luck!

Alex, 

Welcome to BP! Lets connect and talk more about opportunities working together. 

Send me a request to connect and PM me your contact information

Good morning @Anthony Hidalgo!

Whenever we look at a sponsor and the deal an investor may have we will look at three basic factors. The first is vetting the borrower. For many including us, we will pull credit and a background check to look at the history of the borrower. In our applications we require you to fill out a PFS (Personal Financial Statement) where you will list all of your assets and liabilities along with income and salary to determine your ability to make the monthly interest payments. We do not require tax returns or bank statements. All the factors, like liquid assets, do give us an idea of your financials but we look at all your assets and all your liabilities. The second is the deal itself and the third is the exit strategy. We could always talk further. Please PM me and we can talk about your game plan and goals. 

We have another awesome Happy Hour coming up with Avant Law Firm, LLC and Clear Skies Title Agency Oct. 26th at 6pm. Last time we had  over 100 attendees! Make sure to rsvp so we can get a headcount for food. We will have free food, drink discounts, and a free drink ticket for anyone who dresses up from the neck up!

Who is invited?: Investors, Builders, Developers, Wholesalers, Real Estate Agents, Real Estate Professionals

RSVP: Click Here