FUNDING FOR REAL ESTATE INVESTING

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FUNDING FOR REAL ESTATE INVESTING

Funding within 3 simple steps. Visit our website for more information.

Website: http://businesscreditfunding.net/
Location: Chicago,IL
Members: 127
Latest Activity: on Tuesday

Discussion Forum

NEED FINANCING???

Started by Chad Lee Burris Mar 11. 0 Replies

We are delighted to announce a New 100% commercial and residential financing program.We fund 100% of purchase and rehab including business and personal loan funding.More loan programs are also…Continue

Construction Loans

Started by Kelly S May 30, 2019. 0 Replies

Construction Loans for:Flagged Hotels / CasinoResidential DevelopmentsOffice BuildingsMedical Office BuildingsNNN / STNLCredit Rated FranchisesMultifamilyAssisted Living Parking Structures /…Continue

CONSTRUCTION LOANS AND COMMERCIAL MORTGAGES UP TO 15,000,000 NATIONWIDE

Started by Richard Milford May 18, 2019. 0 Replies

COMMERCIAL MORTGAGES AND CONSTRUCTION LOANSCommercial Real Estate Mortgages  for apartments, shopping centers, office buildings, light industrial, self storage, mobile home parks,  mixed use…Continue

Tags: LOANS, CONSTRUCTION

CONSTRUCTION LOANS AND COMMERCIAL MORTGAGES UP TO 15,000,000 NATIONWIDE

Started by Richard Milford Mar 30, 2019. 0 Replies

COMMERCIAL MORTGAGES AND CONSTRUCTION LOANSConstruction Loans  up to 15,000,000  NATIONWIDECommercial Real Estate Mortgages  for apartments, shopping centers, office buildings, light industrial, self…Continue

Tags: LOANS, COMMERCIAL

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Comment by Sharon Askew Whitten on May 9, 2018 at 12:06pm

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Comment by Sharon Askew Whitten on May 7, 2018 at 7:09am

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Comment by Sharon Askew Whitten on April 16, 2018 at 7:16am

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Comment by Dwight Thomas Shook on March 3, 2018 at 6:13pm

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$5,000,000-USD to $300,000,000-USD Private Commercial Finance & Collaterals Balance Sheet Enhancements International & Domestic, Business & Real Estate
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Comment by Sharon Askew Whitten on December 28, 2017 at 9:55pm

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Receive Funds In 2 Weeks.

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  http://ezloanfunding.com/1771

Comment by Sharon Askew Whitten on November 18, 2017 at 6:54pm

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Comment by Frank Lawson on May 12, 2017 at 4:15pm

Is anyone on this site able to do international financing.  I am in need of a true international lender.  I have two multi-million dollar deals a few with no debt no mortgages.  Others with tons of equity

Comment by Carole L Singh on March 20, 2017 at 8:51am

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.
 

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