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$2,500,000 Private Money Loan for the purchase and rehab of a N/O/O SFR in CA utilizing
This loan was for a repeat client who needed acquisition and rehab funds to flip a non-owner occupied SFR property in the resort city of Indian Wells, CA near Palm Springs. The property is located in what is considered to be one of the United States’ most prestigious and ultra-exclusive private country club communities. The borrower, an experienced fix/flipper in the area, originally approached us with this project last year but being that it was a bank short sale, there was no approval for some time after it went under contract. The bank finally gave approval a few weeks ago with a short COE period and while there were some hiccups with the seller, back paid HOA dues, and unclear title, we were able to get him approved to closing in the allotted time. Our lender funded the project with no money out of pocket from the borrower which increases his payoff when he sells the property.
· 100% LTC Financing! – JV Structure
· Funds included purchase price, rehab, loan costs, and holding costs
· 3% Loan Fees rolled into loan
· After Repair Value conservatively is ~78% LTV (high leverage)
· NO Interest Charged – 50/50 split of profits when property is sold
· Quick closing
This lender is great for anyone with a proven track record of flipping homes and solid financials.
If you would like to see how you can utilize this type of financing, have questions, or a scenario you’d like to discuss please contact me ASAP. Marie J Fleming firstname.lastname@example.org or 916-896-9373
We are pleased to successfully arranged financing for a 76-unit multifamily complex located in Dallas, TX using a Freddie Mac Small Balance loan. Attached is a flyer that outlines the details of the loan so I invite you take a moment to look at it, and as always, I welcome any scenarios or referrals that you may have.
Hello Fellow followers and clients,
While we are still having success in funding commercial real estate loans we are also now very active funding blanket loans on investment properties.
There have been some changes to the lending programs so we've updated our information and I've attached a flyer for your review.
In short, we can now offer 30 year fixed blanket loans on 5 or more properties with no prepayment penalty which is very attractive to a lot of investors.
We can also use the full appraised value after only 3 months of seasoning with one of the lenders allowing for cash-out opportunities.
I invite you to take a look at the flyer and let me know if you have any questions. Don't forget, we also pay referral fees.
I am not bound to win, but I am bound to be true. I am not bound to succeed, but I am bound to live by the light that I have. I must stand with anybody that stands right, and stand with him while he is right, and part with him when he goes wrong.
Marie Fleming is an author and enjoys to write on her spare time. At times motivational or articles involving the field of sales or Real Estate.