All Forum Posts by: Nicolas Beaujean

@Brian G.Spot on again my man

@Justin Conatser

@Brian G. is spot on. You definitely don't want to borrow any more than you need to. Although it's good for us as lenders we actually put a limit on it to ensure people are able to pay it back and more importantly, still profit. 

Don't forget, the more you borrow the more you pay so if you can swing 10-20k of your own cash into the deal, we highly advise it. Technically speaking based on your deal our max lend would be right in the ballpark you mentioned and would cover the whole thing- as long as your numbers were correct which would have to be verified. Let me know if you have any other questions :) 

Best,

NDB

@Brian G. Awesome look forward to it! Edit- You're from CA- even easier!

@Jacob D Cockerell These guys are spot on. I'd look out for people who are charging 13%+ or 3+ points. There's some nasty lenders out there but not many. Feel free to PM me with any questions. We're Boston based but travel nationwide to meet borrowers.

Cheers,

NDB

@Dante Foreman We actually cover Kentucky more times than not and we look at each deal individually, track record is important but if you have a great deal then of course we'll lend on it. Feel free to reach out with any questions

@Brian G. To be honest it really doesn't matter from our side of the table as long as we can lend there legally. It's a pretty small community so if it's something we can't do we know someone personally who can that we would treat as our own. The only time I would say location really matters is if it's an extreme rehab, ground up development or a massive project but again if it's something like that we usually fly out and check it out ourselves and help investors along the way to make sure they succeed :)

Wow, that's awesome! Did you ever use hard money for the other 5?

Snow is going to be 250-600$/season in that area, goodluck!

Investment Info:

Small multi-family (2-4 units) note investment investment in Boston.

Purchase price: $250,000
Cash invested: $960,000

4 Condo Group up Development

Hard Money to get it done, REFI out and hold

Have you considered using Hard Money to get the project done and refi out?