Luxury fix n flip in Laguna Beach, CA Need private 2nd or JV partner or will consider wholesaling it

1500 Caribbean Way Laguna Beach CA

I have this property under contract.  Looking to do either wholesale it or bring in financial & or working partner or a private money lender for a second or a first.

 Purchase price  $1,412,000

EMD in escrow  $15,000

Estimated repairs  $148,000 – deluxe upgrade - $70,000 standard upgrade

ARV  $2,400,000 - $1,995,000

Will wholesale it to you at $1,462,000.

Or you can be passive investor for 1/3 of profits – Need from $140,00 to $260,000 maximum counting up to 6 months holding time.  Goal will be to renovate in 1 month and sell in a month then one month to close = 3 months interest expense.   Profit range estimate $100,000 to $200,000.

Or be active investor and be hands on – 50% of profits.  $150,000 to $300,000.

We have hard money lender approval.  Just need $70,000 to close and balance of investment to complete renovation and then carrying costs. 

Investment detail spreadsheet and Comparative Market Analysis online at http://www.box.com/money then folder - 1500 Caribbean.

Also in folder is repair estimate at top quality and average quality work.  Also value summary of CMA, Zillow and Realist AVM and Comparables.

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i could offer financing as a flip and cover most of the Renovation costs, with IO payments and quick close. 

I am looking for 100% financing including most of the rehab.   I will send you my email.

I have application and needed docs online at http://www.box.com/money.  Need a 70% ARV based on $2,295,000 value. Planned resale price will be $2,495,000  Or will wholesale it or bring on JV partner

6% Ground Up Construction Loans- Experienced Builders. Nationwide. 80% LTC Max exposure per developer 15M. Min Loan amounts 400k. Call for more details (877)570-5594 www.GistGroupLLC.com arden@gistgroupllc.com

Dave,

Please find attached a 100% funding program for this project. Let me know of you interest. Document list available upon request.

Regards,


Phillip Walker

Stone Creek Financial Services

Email:stonecreekfs@yahoo.com

Phone:510-575-1709

Fax:1-844-335-8348

Attachments:

I offer wide range of financial services to interested customer seeking loan to finance their expenses. My service is due at a very low & minimum rate of 5% to suit your needs. If you need a quick loan get back to me ASAP.

Hello,

My name is Christopher Tanael, 

   I work with
Fund Loans a unique Jumbo lender in Encinitas, CA. We offer true "Make Sense" underwriting by taking into account our clients full financial picture. With this understanding we are able to offer tailored mortgage solutions that greatly increase the buying power and overall strength of the Self-Employed borrower. We offer this product on a limited basis, and depending on location as well as experience. We believe this product will be a great fit for your team to close Jumbo loans others cannot.

 Here are some highlights below:

  • 60% DTI Owner Occ / NO DTI on Investment Prop.
  • Investment/Primary properties to 75% LTV
  • Foreign National to 70% LTV
  • Qualify with Interest Only on Non Prime up to 75%LTV
  • 5/1ARM, 7/1 ARM, 10/1 ARM, INTEREST ONLY
  • Cross Collateralization- Asset Depletion -NO PREPAY
  • LOW FICO SCORES ARE - OK -  
  • Credit events accepted (FC,SS,BK)
  • ALL RATES -- 5.49% - 7.99% I/O
  • ALL Products - 30yr. Amortizing  5/1, 7/1, 10/1 ARMS

   NICHE'S

  • BANK STATEMENTS- LLC. Corp. BUSINESS or PERSONAL
  • $500,000 MIN to $10,000,000 MAX
  • LOW FICO'S on JUMBO/SUPER JUMBO LOANS
  • NO LIMIT ON CASH-OUT amount
  • NO SEASONING on the right deals
  • NO SEASONING on CREDIT EVENTS, BK, FC & Short Sale
  • Less than 2 years SELF EMPLOYED & NEW SELF EMPLOYED
  • In House/Manual UW for ALL Loans
  • Residential Loans Only, SFR, condos, 1-4 units-
  • Products: 70% - 75% LTV -up to -10 Million-
  • 5.49% to 7.49% -  5 year Interest Only Loans
  • No Pre Payment Penalties

TOP REASONS & YOUR ADVANTAGE

  • Timing (Fast Closing)
  • Human "Make Sense" underwriting 
  • High DTI (I've done deals at 140 DTI, with traditional calculations*)
  • Lend to a corporation
  • Hard Money type lending guidelines with Alt A rates. 
  • Interest Only option available

  MISSION

  • Serve a misunderstood Jumbo & Super Jumbo market
  • Fund "Make Sense" loans when Traditional channels will not.
  • Understand & Listen to our clients story with an unbiased Human Approach.
  • MAKE EXCEPTIONS based on COMPENSATING FACTORS
  • < AND ACTUALLY FUND DEALS BECAUSE THEY MAKE SENSE> 

 

 

C H R I S T O P H E R   T A N A E L

Wholesale Account Executive

NMLS: # 1416783    CTANAEL@FundLoans.com

Office: 760.994.4014  FUNDLoans.com

 

David,

Attached is information on a 100% financing up to 75% of ARV program. If interested I can send you the application and document list.

Regards,

Phillip Walker

Stone Creek Financial Services

Email:stonecreekfs@yahoo.com

Phone:510-575-1709

Fax:1-844-335-8348

Attachments:

David, we fund in all 50 states, up to 100% of the investment property purchase on a 70% ARV at a rate of 9%, funded in 10 days and you can refinance with us at a rate of 4% for 10 years to 15 years fixed or ARM, loan size $50,000 to $5M, no advance fees. Please contact me: George Mallory, underwriter, (917) 653-5215, email: georgeM@stanfordestatecapital.com website: https://www.stanfordestatecapital.com/

 

Closed Loans that was 100% finance

 

Manhattan, New York, NY $4,500,000 hard money to perm loan use for construction of 12 condominium units

Manhattan, New York, NY $4,000,000 hard money for construction of 20,000 square feet mixed used building

Queens, New York $1,512,000 for construction of a five-unit condominium

Morristown, NJ $118,000 purchase and $20,000 rehab of a two-family short sale investment, 100% for the purchase, 70% ARV, refinance into a rental property at a 4% rate, current value $393,000.

Chicago, Northside Lake Front, IL $3,500,000 loan to acquire a 180-unit apartments 4 stores mixed used building

Chicago, Southside, IL $105,000 hard money to perm purchase and rehab of a 6-unit multifamily property, ARV $308,000

Macon, GA $249,000 for a real estate wholesaler to purchase and rehab two-story single family into a rental

Denver, CO $154,000 REO purchase for a two-family property

Reno, NV $304,000 purchase and rehab of a four-family rental

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