Swanee Heidberg
  • San Ramon, CA
  • United States
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Private Lending for residential real estate 1-4 units Trust Deed States only

Started Feb 11, 2013 0 Replies

Lending CriteriaProperty ConsiderationsPrimarily 1 to 4 unit residential rehab and resale propertiesWill consider multi-unit properties if very secure dealsMust be non-owner occupiedFocus primarily…Continue

Tags: and, fix, flip, short, term

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Profile Information

Company name and description
I'm a Private Lender
Lending Criteria
Property Considerations
• Primarily 1 to 4 unit residential rehab and resale properties
• Will consider multi-unit properties if very secure deals
• Must be non-owner occupied
• Focus primarily in California but will consider other states (Trust Deed States)
• Properties must be in active, desirable neighborhoods
Borrower Considerations
• Must be or use highly qualified, experienced contractor(s)
• Portfolio of successful projects highly desirable
• Borrower credit score will be evaluated but not key decision criteria
Loan Parameters Charged to Project
• 3 to 12 month terms
• 12% -15% annual interest
• Interest reserve built in for the term of the loan
• Generally 4 to 6 points
• Loan size of $50,000 to $2,000,000
• No prepayment penalty
• Up to 70% loan-to-after-repair-value
• Split Equity
• Can fund purchase and rehab with adequate collateral
• Possibly fund interest escrow, points and closing costs as well with adequate collateral and the ability to show skin-in-the-game by both parties
Deal Parameters
• Set up as borrower/lender relationship only
• Deal must be safe and profitable for both parties
• Both parties must show skin-in-the-game. The following may qualify
o Cross collateral of other NOO property, either by borrower or other
o Additional personal Guarantor with adequate credit score and sufficient financials

Swanee Heidberg
Private Lender
Swanee@sbcglobal.net

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At 7:00pm on February 13, 2013, German Chavez said…

Hello! I'm new here at realestatefinance forum, but not new on what I do.
I would like to introduce myself to you and let you know about my services and hope that you might find them useful.
You can visit my site at http://bigdealsconsulting.com/ and learn how I do business.
We specialize in Alternative Project Funding for most types of projects, worldwide.
We do not do Loans! Only Alternative/Creative Funding, in most cases Non-Recourse Forgivable Funding.
I'm open to work with Consultants, Investors, Developers, High Net Worth Individuals, and the like, on any viable business opportunities.
If you think my services are something that you can use for your own benefit or for your Clients benefit, please let me know.
If not, I thank you anyway and best of luck in all your business endeavors! Cheers!
To your service;
 
Big Deals Consulting,LLC
German Chavez-President
San Diego, CA.
Phone: (619)255-8453
New Cell: (619)818-8349
ProjectFunding2012@Cox.net
http://bigdealsconsulting.com/
Conference Line: (712)432-8773  ID: 555123#
Skype ID: BigDeals07
LinkedIn: http://www.linkedin.com/pub/german-chavez/28/10b/791/

 
 
 

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