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

Commercial Ground Up Construction Financing

Started on Wednesday 0 Replies

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

Tags: money, bridge, hard, financing, loan

Commercial Ground Up Construction Financing

Started May 5 0 Replies

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

Tags: money, bridge, hard, financing, loan

Commercial Ground Up Construction Financing

Started Apr 3 0 Replies

Loan Amounts from $1M to $75M+TERMS:-Up to 75% LTC-Rates starting at 6%-12…Continue

Tags: money, bridge, hard, financing, loan

Short-Term Bridge Loan Program

Started Mar 26 0 Replies

Commercial Property Bridge LoansLoan Amounts from $1M - $20M+-Acquisitions…Continue

Tags: money, bridge, hard, financing, loan

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Nick Hubbard's Page

Latest Activity

Nick Hubbard posted a discussion

Commercial Ground Up Construction Financing

Commercial Ground Up Construction FinancingLoan Amounts from $1M to $75M+TERMS:-Up to 75% LTC-Rates starting at 6%-12 to 36 month terms-Non recourse option(subject to underwriting)-Quick closing time-Eligible Locations: Nationwide-Property Types: Office, Retail, Multifamily, Industrial, Hospitality, Student Housing and other specialty assets.SUBMIT YOUR LOAN SCENARIO:Nick…See More
Wednesday
Nick Hubbard posted a discussion

Commercial Ground Up Construction Financing

Commercial Ground Up Construction FinancingLoan Amounts from $1M to $75M+TERMS:-Up to 75% LTC-Rates starting at 6%-12 to 36 month terms-Non recourse option(subject to underwriting)-Quick closing time-Eligible Locations: Nationwide-Property Types: Office, Retail, Multifamily, Industrial, Hospitality, Student Housing and other specialty assets.SUBMIT YOUR LOAN SCENARIO:Nick…See More
May 5
Nick Hubbard replied to Kay Vang-Thao's discussion Refinance NOO Residential Properties
"Hey Bob, We offer a Commercial Bridge Loan program that would be a great fit for this client. The program is nationwide. Can you send me more details about this loan scenario? Commercial Property Bridge Loans Loan Amounts from $1M -…"
Apr 16
Nick Hubbard posted a discussion

Commercial Ground Up Construction Financing

Loan Amounts from $1M to $75M+TERMS:-Up to 75% LTC-Rates starting at 6%-12 to 36 month terms-Non recourse option(subject to underwriting)-Quick closing time-Eligible Locations: Nationwide-Property Types: Office, Retail, Multifamily, Industrial, Hospitality, Student Housing and other specialty assets.SUBMIT YOUR LOAN SCENARIO:Nick Hubbard | Senior Loan Advisore:…See More
Apr 3
Nick Hubbard posted a discussion

Short-Term Bridge Loan Program

Commercial Property Bridge LoansLoan Amounts from $1M - $20M+-Acquisitions | Refinance | Cash Outs-Rates Starting at 7.99%-Up to 80% LTV-1 to 3yr Terms-Property Types: Office, Retail, Multifamily, Industrial, Hospitality, Student Housing, High End Residential and other specialty assets.-Quick Approvals & Fast ClosingsSubmit a Loan Scenario Today:E:…See More
Mar 26
Nick Hubbard replied to Kay Vang-Thao's discussion Refinance NOO Residential Properties
"Hey Kay, We offer a portfolio loan program and can definitely get this done if still needed. 75% LTV. 30yr terms. Rates starting in the 5's. Can close within 2-3 weeks! If still needed, shoot me a email. Nick Hubbard | Senior Loan Advisor e:…"
Mar 24
Nick Hubbard replied to Dino Filoso's discussion Commercial Loan in Canada
"Hey Dino, Thanks for the quick reply. I also sent you a msg via Linkedin. What type of term are you guys looking for? And where exactly are the properties located? And whats the current rates? Do you have a loan package you can send me?"
Mar 10
Nick Hubbard liked Dino Filoso's discussion Commercial Loan in Canada
Mar 10
Nick Hubbard replied to Dino Filoso's discussion Commercial Loan in Canada
"Hey Dino, We provide several RE financing programs for Canadian borrowers(Stated Income, Hard Money & Bridge Loans) for acquisitions, refinance or cash outs. Our programs are streamlined and we can get borrowers funded quickly. If you still need…"
Mar 10
Craig Mayes liked Nick Hubbard's discussion Commercial Ground Up Construction Financing
Mar 6
Nick Hubbard posted a discussion

Commercial Ground Up Construction Financing

Commercial Ground Up Construction FinancingLoan Amounts from $1M to $75M+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…See More
Mar 6
Nick Hubbard posted a discussion

Short-Term Bridge Loan Program

Commercial Property Bridge LoansTerms:Loan Size: $1M – $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 80% LTV-1-2 points origination feeClosing:-Minimal Closing Costs-No appraisals required-Avg 5-10 DaysNick Hubbard | Senior…See More
Feb 17
Lisa Verholtz liked Nick Hubbard's discussion Short-Term Bridge Loan Program
Jan 29
Nick Hubbard posted a discussion

Short-Term Bridge Loan Program

Short-Term Bridge Loan ProgramLoan Amounts from $1M - $50M+---------------Acquisitions | Refinance | Cash Outs -Rates Starting at 7.99% -Up to 80% LTV -1 to 3yr Terms -Property Types: Office, Retail, Multifamily, Industrial, Hospitality, Student Housing, High End Residential and other specialty assets. -Quick Approvals & Fast Closings---------------Submit a Loan…See More
Jan 27
Nick Hubbard and Dana Korosi are now friends
Dec 24, 2019
Nick Hubbard posted a discussion

Commercial Mortgage Bridge Loan Program

Commercial Property Bridge LoansLoan Amounts from $1M - $50M+-Acquisitions | Refinance | Cash Outs-Rates Starting at 7.99%-Up to 80% LTV-1 to 3yr Terms-Property Types: Office, Retail, Multifamily, Industrial, Hospitality, Student Housing and other specialty assets.-Quick Approvals & Fast ClosingsSubmit a Loan Scenario Today:E: hml@elitefactoring.comO: 314-252-0299See More
Dec 18, 2019

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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