All Discussions Tagged 'Massachusetts' - Real Estate Finance2024-03-29T12:29:40Zhttps://realestatefinance.ning.com/forum/topic/listForTag?tag=Massachusetts&feed=yes&xn_auth=noFunding Sought for Acquisition and Rehab of a 14 Unit Apartment Buildingtag:realestatefinance.ning.com,2015-12-03:6517464:Topic:2503412015-12-03T23:30:03.862ZNancy Horanzyhttps://realestatefinance.ning.com/profile/NancyHoranzy
<p>I am currently seeking funding for the acquisition and renovation of a 14 unit property located in Springfield, Massachusetts.</p>
<p>The funding of $335K is needed for the acquisition ($250K) and renovations of $80K. A solar initiative is also planned for implementation.</p>
<p>This property is located in an area of expanding employment by three new employers moving into the City of Springfield and creating 7,000 new jobs over the next five years. The need for affordable housing is…</p>
<p>I am currently seeking funding for the acquisition and renovation of a 14 unit property located in Springfield, Massachusetts.</p>
<p>The funding of $335K is needed for the acquisition ($250K) and renovations of $80K. A solar initiative is also planned for implementation.</p>
<p>This property is located in an area of expanding employment by three new employers moving into the City of Springfield and creating 7,000 new jobs over the next five years. The need for affordable housing is critical.</p>
<p>I have an Executive Summary as well as the financials, scope of work, and information on the area ready and available for review upon request.</p>
<p></p> Direct Hard Money Lendertag:realestatefinance.ning.com,2014-12-22:6517464:Topic:2099282014-12-22T21:37:32.441ZDaniel Leydenhttps://realestatefinance.ning.com/profile/DanielLeyden
<div class="WordSection1"><p align="center"><span class="font-size-4"><b>Asset Based Lending LLC</b></span></p>
<p align="center"><span class="font-size-3"><b>DIRECT HARD MONEY LENDER</b></span></p>
<p align="center"><span class="font-size-3"><b>FIX & FLIP / CASH OUT / NEW CONSTRUCTION</b></span></p>
</div>
<div class="WordSection2"><ul>
<li>Close in 2 weeks or less</li>
<li>No minimum credit score</li>
<li>Limited income verification</li>
<li>Limited asset documentation</li>
<li>Loan term:…</li>
</ul>
</div>
<div class="WordSection1"><p align="center"><span class="font-size-4"><b>Asset Based Lending LLC</b></span></p>
<p align="center"><span class="font-size-3"><b>DIRECT HARD MONEY LENDER</b></span></p>
<p align="center"><span class="font-size-3"><b>FIX & FLIP / CASH OUT / NEW CONSTRUCTION</b></span></p>
</div>
<div class="WordSection2"><ul>
<li>Close in 2 weeks or less</li>
<li>No minimum credit score</li>
<li>Limited income verification</li>
<li>Limited asset documentation</li>
<li>Loan term: 12 months</li>
<li>Interest only</li>
<li>No pre-pay penalty</li>
<li>Interest Rate: 12% - 14%</li>
<li>Points: 3% - 4%</li>
<li>Loan size: $75k to $1mm</li>
<li>Brokers protected</li>
<li>Non-owner occupied only </li>
<li>Single Family, Multi-family, Mixed Use, & New Construction</li>
<li><strong>NY, NJ, CT, MA, RI, Eastern PA,MD, DC</strong></li>
</ul>
</div>
<p align="center"><b>Loan to Value</b></p>
<ul>
<li>Fix/Flip: 80%-85% of total deal cost capped at 60%-65% of ARV</li>
<li>Cash-out: 50% of current value</li>
<li>New Construction: 50% of land value + 100% of construction cost</li>
</ul>
<p> </p>
<p>Asset Based Lending, LLC (ABL) is a private hard money lender founded in 2010. Our mission is to help real estate investors, quickly and efficiently, finance their business activities. For more information visit our website at <a href="http://www.abl1.net"><b>www.abl1.net</b></a><b>.</b><b> </b></p>
<p align="center"><span class="font-size-4"><b>Call us at 2</b><b>01-942-9090 or e-mail at</b> <a href="mailto:info@abl1.net"><b>info@abl1.net</b></a><b>.</b></span></p>