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12 January 2024 | 6 replies
Typically our lending partners programs are as follows:Rates: 10% to 14% (Most Deals are 12%)Terms: 1 Day - 24 Months (Most Deals are 6 months)Fees: 2-5 points(%) of loan amount paid at closing (Most Deals are 3 points(%))Minimum Loan Amount: $50,000 (For loans less than $200,000 we charge $2,500 minimum)Max Loan: 70% of After Repair Value(ARV) 100% Rehab Financing Available (Require 20% of purchase price down payment or cross-collateral)Closing Timeframe: 48 Hours - 3 Weeks (Most Deals are 10 business days)We have private lending partners throughout the entire United States that cover the following states: AL, AZ, AR, CA, CO, CT, DE, FL, GA, HI, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MN, MS, MO, MT, NE, NV, NH, NJ, NM, NY, NC, OH, OK, OR, PA, RI, TN, TX, UT, VT, VA, WA, WV, WI, WY.
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30 October 2018 | 107 replies
Supposedly, these controls were fixed/addressed.On one of my deals, it is NOT clear that the collateral alone would be enough to make the investors whole ie it is very possible that the property is under-water especially given that there are substantial mechanics liens attached to the property.
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4 February 2024 | 6 replies
Will they care because those homes were collateral?
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22 October 2020 | 28 replies
Hey Bryan C.Non-recourse loans are just loans secured only by collateral (usually the property which the loan is financing), that you don't personally guarantee, so yes "anyone" can get a non recourse loan assuming they have suitable collateral that a lender would accept.
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11 December 2021 | 62 replies
Also you could reach out to your counter top supplier and ask them to put the install on credit and they can file a mechanics lean as collateral, and they will then be paid at closing.
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16 February 2024 | 1 reply
I'm still learning about this type of lending but the appeal to me is that they don't consider personal income or tax returns, it does not need personal debt-to-income ratio qualifications, it's collateral based borrowing..
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7 February 2024 | 9 replies
You could seek a business line of credit using the property as a collateral, but most lenders don't do this - you may be able to find one if you talk to local banks or credit unions.Alternatively, you could get a second position loan on it, like a HELOAN.
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16 February 2024 | 0 replies
Judicial,Collateral,Unsecured,Secured,Seller,Syndication ~ confirmed Mortgage Brokers (sophistication, in lending terms) "15% ROI Margins" ~ confirmed ROI unknown tho…Tax attorney(Roth,Judicial, Sophistication) "10% ROI" Unknown*Accountants (how much and where Terms infrastructure legalities) 7% ROI Unknown*Mortgage broker (lending acquisition all major lenders ,TD,RBC…….
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16 February 2024 | 8 replies
Ask them to move the loan collateral just to those properties.
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16 June 2020 | 4 replies
They are willing to put up the property (free and clear) as collateral for the deal if I arrange for the financing and do the A&E, development, construction, leasing and out sale of the condos.