Any transactional funding source for multifamily properties?

Does anyone know of a lender, or can refer one, who does transactional funding for multifamily properties?

I'm a REI investing in Chicago looking to secure funds to purchase multifamily apartment buildings and to take advantage of the real estate investing opportunities in the immediate areas. 

I am currently working on a 12 unit multifamily with a plenty of equity and a great potential up side and cash flow.  For this 12 unit project, I am looking to secure a minimum of $200k, which represents 60% of LTV. 

I'm also looking at two other properties to acquire, as well, so establishing a solid working relationship is paramount..  

Thanks,

J.M.

Views: 534

Reply to This

Replies to This Discussion

:Hello JM,

Open Door Lending is Private Money Lender who can help you with the types of deal your seeking. 

Here is a link to the types of deals that we fund. 

http://www.odlending.com/hard-money-loan-new-program/

If you have any questions please feel free to give me a call at (661)310-6449

JM,

Marc Simpson here with Peak Choice Capital. We offer acquisition financing for various commercial investment properties for those who are looking to purchase and hold.  (No broker chains involved) Our commercial finance is suited for self-employed and private borrowers that struggle with SBLA and typical bank regulations. 
What you can expect:
 
LTV/LTC maximum 70%
Loans from $25,000 to $1,500,000 (minimum property value of $75,000)
Credit rating 600 min 
No hard credit pulls
Limited documentation required.
2-3 Weeks for a complete close. 
From 5 to 30 Year Fixed-No balloon
Decisions within 48 hours of application
No upfront fees or hidden cost
Interest Rates from 9-12%
 
The process is very simple. To start we need a completed 1003 application, pictures or appraisal copy for the property and a tri merge credit report. If you have questions or concerns, please advise as we would be glad to further assist you with future transaction. If you feel this would be a good fit for what your looking to do, please advise.
Best regards,
Marc Simpson

Hello JM -

I might be able to assist with either secured or unsecured loan programs we provide!

Secured and Unsecured financing options with credit scores from 550 to 680 depending on the program you choose.

You can request additional information either online or email me personally!

Our online 24hr approval portal is LegacyFinanceNeeds

Linda King, Owner
Legacy Asset Solutions
407-340-2319 cell EDT
linda.legacy.asset.solutions@gmail.com
www.legacy-asset-solutions.com

Lender Capital Group 

If you are looking to establish a working relationship with a Capital Provider, LenderCapitalGroup.com can be your source for transactional funding for commercial acquisition(s) now and in the future.

info@lendercapitalgroup.com <> (425) 429-2328 <> LenderCapitalGroup (Skype ID)

J.M., GOOD EVENING, this is Doug Iles in Ohio and I have access to TRANSACTIONAL FUNDING up to $600,000 and possibly more depending on the nature of the deal.   I believe that, up to $500,000, 3 points are charged but only 2 points for dollar amounts over $500,000. 

Please reply if you would be interested in learning more.

THANK YOU,

DOUG ILES
Beneficial Brokers, LLC
Consultant
Cell @ 419-545-4446
Skype name:  consult511

 

We are a direct lender, we can help, including a bridge fund if you ever need to close in a hurry.

Thanks,

Rolf

We can help you with the loan. We offer personal, company and business
loans to individuals and companies in severe need. Apply now and get
your financial problems solved. The interest rate is 3% yearly.
Contact us via e-mail: vatlfunding@vf.vc

Jeffrey B. Freis Associates, Inc. is a private investment bank with an active real estate finance division. We have lenders that you can work with. Contact me to discuss your Projects.


Jeffrey B. Freis, President
Jeffrey B. Freis Associates, Inc.
Tel: 914 967-9235
Fax:914 798-6670

I not only represent a fund, the owner of the fund is a personal friend that has allow me to market and underwrite their program; first this is not a line of credit or an joint venture with a 50/50 split. This nationwide program is a swift solution (3-5 day to fund) for real estate investors with no advance fees to worry about. Thank you, I welcome working with you.

 

    Lending for Real Estate Investors Nationwide (Short Sales, REOs, Auctions)

 

  • 100% of the Purchase base on a 60% ARV
  • Property Types: 1-4 family, wholesale purchases, short sales, REO, Multifamily, Mixed Used
  • Terms: 12 Months Interest Only with No Pre-Pay Penalties
  • Fico 650, experience will always trump your fico or your financials
  • Rate 10% to 13%, no monthly payments
  • No tax returns or Bank Statements requirements
  • Points 2-3, points that can be rolled inside the loan
  • Loan amounts: $50,000 to $5M
  • The loan can be refinance or flipped: No Pre-Pay Penalties
  • 24 hours for an email quote
  • Contract issue the same or next day
  • Funding: within 3-5 days

 

Resume, 1003, Breakdown of the rehab, recent appraisal or BPO or comps

 

 

 

 

 

Have a Powerful Day

George R. Mallory,

VP of Finance, Underwriter

Mobile: 917-653-5215

Fax: 917-591-4601

Email: russellmallory178@gmail.com

Mr. Rodriguez;

In case that you are still looking for Transactional Funding, please let me know.

I work directly with the best Transactional Funding source there is...

We offer loans up to $150M + just as long as you have your end-buyer already lined-up.

Please check this niche service here: http://bigdealsconsulting.net/transactional.html

All types of properties are welcome, from $100K and up..

Thank you!

Hello.
I am a Lender for Sungold Lending. I saw your post on http://realestatefinance.ning.com/ and decided to reach out.

We offer loans to both individuals and firms at low and affordable interest rate of 5%

Processed within 48 hours.and a repayment duration period of 3 months to 30 years over

180 countries in the world.We give out loans within the range of 5,000 to 60,000,000 USD

• No collateral, financials, or bank statement required
• Approved within 48 hours.
• You decide how to spend your money
• Great rates & affordable terms.
• Fast Funding's. Approved within 48 hours.
you can write me directly via at :

sungoldlending1960@gmail.com
juanguzman@sungoldlendingfirm.com

Website: www.sungoldlendingfirm.cu.cc
Phone: +1(202)769-2279
Juan.

RSS

© 2024   Created by Admin.   Powered by

Badges  |  Report an Issue  |  Terms of Service