I need funding for 36 sfh all rented with the company I am looking for 100% funding 3.5mil 5-6% for 30 years
For more info email us at homehelp1@ymail.com

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Comment by Samuel Thomas on December 28, 2013 at 11:38am

Send me details and pictures of this project to scharlesthomas1@gmail.com

or call Sam Thomas at Paramount Financial Partners (515) 554-5541

Comment by Monty Busch on December 28, 2013 at 8:51am

Can you tell more, (where, purchase price, current gross rent).

Is there a story - (must be to believe that 100% financing works from debt coverage point of view and you think its a safe risk free loan to lender)

Rates of 5-6 % are more like commercial bank rates who typicall wont do 100%

Would you  split ownership or profits?

What be your role in such a deal? management? cash for repairs & reserves, interest payments?

Asking for 30 year loan, one can only assume property portfolio is stable and needs no work ?

why would the owners be willing sell ?

some of the above questions you can condense into quick elevator pitch and some you may want to put into exec summary.

I just wanted to bring to light some initial questions a lender (bank or private) would have. I have been arranging loans as lender and broker for 10+ years. Sometimes a project just needs some packaging help on the front or ideas on how to structure a loan.

The forum should be about helping others and networking. I think the request has very slim chance of funding, but it could be structured in a way that work.

thanks

Monty- Monty@texasinvestorloan.com

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