Wanted true 100% Asset based Financing. Deals ready to go and in process.

Wanted Asset based Portfolio loan....NO Fees will be paid before closing, all appraisals, lawyers fees, insurance, title work surveys, architects fees, town planning and plot plan fees be paid by us and counted as down payment towards "skin in the game". 

 

1) Size of loan? Blanket loan for purchase & rehab $600,000


2) Type of property & Address of property?  
4 pieces........
(1) multifamily,
(1) multifamily 
(1)single family rehab and 
(1) below market land for building 

3) Current as-is value of property and how is that value being arrived at?
#1 multifamily 1 $100,000 Comps in area
#2 multifamily 2 $156,000 Tax appraisel
#3 single family $82,600 Tax assessment
#4 2.89 acres with river frontage, $20,000 asking price for building home

4) Detailed Breakdown of the Uses of the proceeds?  All will have ARV done by pre-appraisal per my renovation specifications and comps in area.
#1 Acquisition $100,000  $50,000 rehab ARV $225+/-
#2 Acquisition $95,000  $50,000 rehab ARV $225
#3 Acquisition $54,900  $75,000 rehab total gut  ARV $199,000+/-
#4 Acquisition $20,000  $150,000 to build log cabin or custom home ARV $250,000+/-
Balance for misc costs, permits appraisals etc.

5) Length of loan?
1 year renewable, option to convert to conventional rental loan for each

6) Exit strategy?
#1 hold as rentalRental
#2 Sale or hold as rental
#3 Sale or hold as rental
#4 Hold as rental

7) Borrower’s Pricing Expectations (rate & point wise)
8%, 1-2 points

8) Are you the Borrower or a Broker?
Borrower

9) If this is a purchase, how much down payment is the Borrower bringing to the closing table as a down payment towards funding?
We will have $30,000 cash towards the full portfolio expenses if the loan is approved and can move ahead promptly.

Views: 112

Reply to This

Replies to This Discussion

Hello Carole, let me know if you are still interested in funding?

You can contact me below so we can discuss how best to move forward with the processing for your funding. 

www.levelfinancellc.com 

Email:  info@levelfinancellc.com

Mr Undreese Gulley 

775-561-44061

Looking forward to hear from you. 

WE offer commercial real estate loans nationwide. We also FINANCE IN MANY OTHER INDUSTRIES AS WELL AS WELL AS BUSINESS AND CREDIT. We can lend on both owner and non-owner occupied properties.. Our commercial real estate financing programs may be used for: real estate acquisition, short tern bridge financing, multi-family homes, offices, industrial properties, warehouses, retail locations, and more. Loan amounts range from $50,000 to $50,000,000, with LTV's up to 90% and closing as fast as 2-3 weeks. Contact our offices for more details LET THEM KNOW THAT WAYNE SANDERS INVITED YOU.

WAYNE SANDERS
  866-257-2973
Studiosandmanx@yahoo.com

About Us

 

Help business owners get the funding they need to succeed

Help both start-ups and existining businesses

Offer funding programs for every situation

Contribute to business growth

 

Send ECC Entrepreneur Capital Corporation USA Possible business Fun...

 

At ECC Entrepreneur Capital Corporation USA Est. in 1988 , we have over 30 years of experience with business and financial services. From real-estate investments to existing or start-up financial services, our experts can secure the funding you need.

RSS

© 2019   Created by Admin.   Powered by

Badges  |  Report an Issue  |  Terms of Service