Doug Smith
Fannie NPL Sale and What It Means This Time Around
This article in DS News caught my eye as a potential canary in a coal mine for a new wave of NPLs hitting the market. As I looked closer, however, these two pools are a far cry from what we saw in the late 2000s. We o...
Hament Raju Mahajan
Adding a new property as additional collateral to an existing loan.
I have an existing Note (Note 1) secured by a deed of trust in California on a SFR (property 1).The borrower has agreed to bring in additional property (Property 2)as a collateral after Note 1 is completed as a c...
Benjamin D.
Can I draw from an existing HELOC before I sell? And a separate question about a lien
Hi, I have a lease ending on a rental property, and it's time to sell and buy in another location.The property has a mortgage, a HELOC, and also a 3rd lien where remaining equity was used as collateral for an unrelate...
Richard Rodriguez
Buying a property by doing a deed transfer
Let's say the owner is pressed with a time-sensitive matter because they need money asap.
I am willing to loan them the money but need collateral so I want to have them transfer the deed. They also want me to buy the...
Joe S.
How to get a release of solar panel lien
So a seller has 40 K worth of solar panels that they put on their house that is making it a bit hard for it to sell. Is there a way to have the solar panel company release the lien without releasing the person that a...
Mike Warder
What can I do with my mineral interest?
I'm looking for advice on how best to utilize my inherited mineral interest in a 2,000 acre tract of land in WV. The land was once oil-producing and I believe it has shale deposits now.
My question is, how can I pu...
John Hamilton
Funding for Project
HI All,I met a person on BP that is a lender. Id rather not advertise. I'm looking for any feedback.Would you accept this loan?They are willing to loan $150K for SFH purchase and rehab. Term is 12 months @ 4%. The loa...
Sean Tippens
Unsecured loan @ 9.5% for 24mo???
We currently have the deed to a property that we need to rehab. The conversation starts with finding the 25k for the Reno. This will be the first time, for us, using another type of funding that isn’t our own cash. We...
Richard Huizar
Mixed Use rehab deal Closed!!! Cleveland OH
Investment Info:
Other private money loan investment.
Purchase price: $130,000
Cash invested: $215,000
Sale price: $420,000
Borrower needed funds to finish rehab for a refi. Owner/contractor wi...
John Leavelle
Recourse verses Non-Recourse Loans in Creative Financing
Hello BP community,Not sure if this is the right forum.While looking for all my creative finance options I came across the terms Recourse Loans and Non-Recourse Loans.My understanding is Recourse requires collateral (...