Nick Hubbard
  • Saint Louis, MO
  • United States
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Nick Hubbard's Discussions

Commercial Ground Up Construction Financing

Started yesterday 0 Replies

Commercial Ground Up Construction FinancingLoan Amounts from $1M to…Continue

Tags: money, bridge, hard, financing, loan

Commercial Ground Up Construction Financing

Started Nov 19 0 Replies

Commercial Ground Up Construction FinancingLoan Amounts from $1M to…Continue

Tags: money, bridge, hard, financing, loan

Unencumbered Collateral/Asset Loan Program

Started Oct 30 0 Replies

Unencumbered Collateral/Asset Loan Program-Minimum amount of collateral…Continue

Tags: land, loans, based, asset, collateral

We Purchase Commercial Mortgage Notes!!

Started Oct 22 0 Replies

We purchase existing commercial distressed, sub-performing and performing…Continue

Tags: sub, note, buyer, loans, performing

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Nick Hubbard's Page

Latest Activity

Admin liked Nick Hubbard's discussion Commercial Ground Up Construction Financing
yesterday
Nick Hubbard posted a discussion

Commercial Ground Up Construction Financing

Commercial Ground Up Construction FinancingLoan Amounts from $1M to $85M+TERMS:-Up to 75% LTC-Rates starting at 6%-12 to 36 month terms-Interest Only Payments during primary term-Non recourse option(subject to underwriting)-Quick closing time-Eligible Locations: Nationwide-Property Types: Office, Retail, Multifamily, Industrial, Hospitality, Student Housing and other…See More
yesterday
Nick Hubbard joined Craig Mayes's group
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FAST HARD MONEY

Do you need fast Hard Money to complete your transaction?Do you offer fast funding with Hard Money?Post it here!See More
Sunday
Nick Hubbard joined Admin's group
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Fix & Flip Group

Loan Amount: $100,00 up to $1.25 MillionTerm: 12 Months Initial TermInterest Only: 8.99% to 12.99%Property: Non Owner Occupied 1-4 familyLoan To Value: Up to 90% LTV PurchaseRehab Funds: 100%Max After Repair Value: 75% ARVNo Pre-Payment PenaltyNearly Nationwide. This Fix & Flip program is available in 45 states. It is NOT available in Ca, Az, Nv, Ak, Hi. All other states can be funded in as little as 10 to 15 days!Down payment is AS LITTLE AS 10% down. It is not automatic, it is based on…See More
Sunday
Nick Hubbard posted a discussion

Commercial Ground Up Construction Financing

Commercial Ground Up Construction FinancingLoan Amounts from $1M to $85MTERMS:-Up to 75% LTC-Rates starting at 6%-12 to 36 month terms-Interest Only Payments during primary term-Non recourse option(subject to underwriting)-Quick closing time-Eligible Locations: Nationwide-Property Types: Office, Retail, Multifamily, Industrial, Hospitality, Student Housing and other…See More
Nov 19
Nick Hubbard posted a discussion

Collateral/Asset Loan Program

Unencumbered Collateral/Asset Loan Program-Minimum amount of collateral $100 Million-Rates starting at 4%-Up to 125% LTV-Assets can include: raw land, mines, mineral/oil/air rights, gold, silver, titanium, diamonds (raw or cut), precious metals, oil wells, art, artifacts-Requires site visit and collateral verification/appraisal-If collateral is being used for project…See More
Oct 30
Leroy Joe Jr. liked Nick Hubbard's discussion We Purchase Commercial Mortgage Notes!!
Oct 25
Nick Hubbard posted a discussion

We Purchase Commercial Mortgage Notes!!

We purchase existing commercial distressed, sub-performing and performing loans, both single asset and portfolios.-Acquisitions between $2MM to $75MM+-Quick Closings: As quickly as 2 weeks-Risk Tolerance: Comfortable with Bankruptcy; Foreclosures and Other Special Situations-Geography: Anywhere in continental U.S.Contact Us:Email: notebuyergroup@protonmail.comWebsite:…See More
Oct 22
Nick Hubbard posted a discussion

Commercial Ground Up Construction Financing

Commercial Ground Up Construction FinancingLoan Amounts from $1M to $85M-----------------TERMS:-Up to 75% LTC-Rates starting at 6%-12 to 36 month terms-Interest Only Payments during primary term-Non recourse option(subject to underwriting)-Quick closing time-Eligible Locations: Nationwide-Property Types: Office, Retail, Multifamily, Industrial, Hospitality, Student…See More
Oct 14
Nick Hubbard replied to Samuel Thomas's discussion Seeking Equity Capital Funding
"Hey Samuel, What type of construction projects? Are they based in the US? Shoot me a email."
Aug 29
Nick Hubbard and Ruth McGuinness are now friends
Jul 9
John Galloway and Nick Hubbard are now friends
Jul 5
Ruth McGuinness left a comment for Nick Hubbard
"Hi Nick,          I have a deal in New York that I'm looking to get funded. I need rehab funds-$150k-on a 9642 sq ft mixed use property (I already own the property). I got it at an auction price (from a foreclosure…"
Jun 4
Nick Hubbard posted a discussion

Commercial Bridge Loans

Terms:Loan Size: $2M – $20MTerm: Up to 24 monthsLocation: NationwidePrepayment: FlexibleIndustrial | Multi family | Office | Retail | SFR (NOO)Rates/Leverage:-Rates start at 7.99%-Interest Only, Fixed-Non-Recourse-Up to 75% LTV-1-2 points origination feeClosing:-Minimal Closing Costs-No appraisals required-Avg 5-10 DaysSUBMIT YOUR LOAN SCENARIO:e:…See More
May 29
Nick Hubbard replied to Chris Swain's discussion True Asset Based Lender Needed To Help Fund 3-Hotel Portfolio in FL
"Hey Chris, Sent you a email regarding your loan request. We can get this done! Nick Hubbard | Senior Loan Advisore: nick@elitefactoring.como: 314-252-0299"
May 19
Nick Hubbard posted a discussion

Ground Up Construction Financing

Loan Amounts from $25K-$7M+---------------GROUND UP CONSTRUCTION, WITH LAND FREE & CLEAR-1-4 Units(above 4 units goes under our commercial program)-100% of construction cost-Interest rate: 8.9%-10.9%-13 month interest only term no pre-payment penalty-2-4 points (lower on larger deals)-Closing in 10-14 days-----------------GROUND UP CONSTRUCTION LAND HAS NOT BEEN…See More
Apr 30

Profile Information

Company name and description
Elite Factoring is a St. Louis based finance firm that specializes in Invoice Funding, Purchase Order Financing, Merchant Cash Advances, Equipment Sale Leaseback Financing and Commercial Hard Money Loans.

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At 6:03pm on June 4, 2019, Ruth McGuinness said…

Hi Nick, 

        I have a deal in New York that I'm looking to get funded. I need rehab funds-$150k-on a 9642 sq ft mixed use property (I already own the property). I got it at an auction price (from a foreclosure situation) so to speak-I paid $12k (ARV is $200-$250k+). It has 9 apts.-ranging from efficiency to 3 bedroom-and a commercial space on first  floor with dining room, dining/dance area with stage, 2 "bar" areas-one with large gathering area, 4 bathrooms, office, kitchen, 2 storage areas, and entry area leading to 2 upper floors of apts.   

         It needs electrical and plumbing overhaul, and a decent amount of aesthetic repair and upgrades. I have already had an inspector go through to give us more of a specific idea as to the scope and necessities required according to law, code and such, and contractors are almost done with the SOW. I don't know if I would be able to do a refinance-type loan on the ARV, or if it would have to be straight rehab?  

          Needs to be a stated, asset-based deal, as the revenue from the property after rehab (DSCR) would be the main consideration as well as the ARV.  I am trying to connect with a lender that will wrap as much into the loan as possible even if it means an extra point or slightly higher interest initially to be able to have as little needed as possible at closing since funds are getting tight at this point due to delays. MIGHT even consider short term equity deal of profit percentage. I also have an OO property with some equity if needed.

           I have good credit-no negs-and a 700 score (was higher until recently-had to purchase a vehicle). Once rehab is done, immediate revenue will be $6300 per month from apts., and within an additional 1-3 months or so that figure will jump to approximately $15k+ per month. 

At 7:29pm on August 18, 2018, Victor Gresham said…

Hello,

Need a hard money loan to purchase a property for humanitarian use.

Property address is 7919 Albin Ln Houston Texas 77071.

6 bedrooms 9 bathrooms 8,000+ sf, in ground pool and jacuzzi, 2 story property.

Purchase price is $350,000.

Rehab cost is $125,000.

Harris County Appraisal District has the property appraised at $706,000.

Zillow has the property appraised at $608,000.

Title work is already completed and closing documents have already been signed.

Propertry to be refinanced after repairs are completed.

Original private lender backed out on the day of closing.

Need funding ASAP.

Victor Gresham

(832) 849-8266

greshamvictor01@gmail.com

 
 
 

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