Seeking Short Term Refinance While Our Latest Rehab is On the Market

We have completely rehabbed a house we bought from HUD in Lone Tree, IA, 15 miles from Iowa City which went back on the market on in mid-May.  Our initial private loan was for 6 months ending August 1, 2013. Our private lender would like to move on to other ventures and has asked that we refinance this loan. 

We expect this property to sell within 160 days.  The two closest comps sold in 60 and 90 days respectively.  It is $3000 below comparable houses that have sold recently at $129,900, but we will drop the price if it does not have an offer by mid-summer.  There has been regular activity looking at this home, including one prospective buyer that is interested in making an offer as soon as their home in another town nearby gets an acceptable offer. 

What we need is $66,500 for 6 to 12 months.  We expect that by November or December at latest we will be able to cash out this loan.  These funds will be well protected as we have $40,000 of our own money in the deal which will get repaid last when the house is sold. 

We can send you all the information you need about the property, the initial loan and the underwriting that was done on that loan.

Liz Nichols

319-331-5923

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Dear Ms. Nichols,

 

We can probably arrange the loan you are seeking, please send the details to dshook6495@embarqmail.com

 

Thank You

Dwight Shook

Ms Nichols,

We can secure funding for the refi you seeking, please send infomation to stephen.l.mitchell@gmail.com

Thanks 

Stephen

Hi Elizabeth,

I am sure that I am able to assist you with your funding for the Refin....  Please contact me with the full details...

Thank you,

Sherry D. Beck
Peabody Chase Consulting LLC
Consultant
757.696.7238 (Direct)
1.888.577.0920 EXT 1
Fax-1.866.898.1911
s.beck@peabodychase.com
http://www.peabodychase.com

Hello Elizabeth - We should be able to assist.

Can you please send details to linda.legacy.asset.solutions@gmail.com

Thank you - Linda

 

 

We're ready to fund YOUR deal ASAP!

And if you're not already aware... July and August
are Great months to invest in real estate. Kids are out
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you'll be able to repair your investment just in time to flip your
property this summer--the best time to sell!

Take advantage of this AWESOME market today:
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Our Special Private Money Financing Program Includes:

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Happy Investing,
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P.S. Go Here to receive the Real Estate Encyclopedia: http://PMEFunding.com
this will allow me to keep you on my Funding/Lending mailing list!

If you are looking for a straight forward no 'black box' required non-owner occupied residential loan, I work with lenders that can either go as low as 500 Fico or straight asset based.  We can do Acquisition & Renovation and Cash-out Refinance.  No upfront fees.  Deal just needs to make sense. Email me for Terms.  OffMarketRealEstate@gmail.com

Attachments:

We can help you with the loan. We offer personal, company and business
loans to individuals and companies in severe need. Apply now and get
your financial problems solved. The interest rate is 3% yearly.
Contact us via e-mail: vatlfunding@vf.vc

If you are looking for a straight forward no 'black box' required non-owner occupied residential loan or asset based commercial loans, I work with lenders that can either go as low as 500 Fico or straight asset based. We can do Acquisition & Renovation and Cash-out Refinance. No upfront fees. I've been working in real estate, lending and venture capital for 13 years. I have helped finance over $40mm in real estate.

DEAL JUST NEEDS TO MAKE SENSE.

RESIDENTIAL terms range depending on property, location and borrower:
-Residential Asset based to non-prime lending w/min of 500 Fico
-65%-75% LTV
-Acquisition/Renovation 4-6 months
-Cash-out Refi 3yr
-10% - 12% rate

COMMERCIAL:
- 65% LTV on cash flowing properties (exceptions for great deals).
- 60% LTV on all non cash-flowing properties (raw land may be an exception).
- Min. loan amount $1.5 M, max. loan amount $10 M.
- Terms range from 3 months to 18 months with extension available.
- Can fund with-in a 7 to 14 day period.
- Purchases, refinances, construction, rehab, cash-out, etc
- Asset based


To get specific terms go to our website and fill out a Loan Summary Sheet. wwwProvidentMng.com

or email me OffMarketRealEstate@gmail.com

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