All Discussions Tagged 'term' - Real Estate Finance2024-03-28T18:33:14Zhttps://realestatefinance.ning.com/forum/topic/listForTag?tag=term&feed=yes&xn_auth=noCash-Out Refinance on Rooming House in Anchorage, AK!tag:realestatefinance.ning.com,2023-04-25:6517464:Topic:4876692023-04-25T22:05:33.387ZZane Graserhttps://realestatefinance.ning.com/profile/ZaneGraser
<p>Hi,</p>
<p>I have a borrower that wants to do a cash-out refinance on a rooming house that they own in Anchorage, AK. I had a lender that said they could do it and after lots of back and forth, they ended up not moving forward with it.</p>
<p>The property is called The Lodge which is a rooming house with a main living room and kitchen area and shared bathrooms. There are 12 bedrooms on the property. They are renting the property short term of varying lengths with a lease agreement with 1…</p>
<p>Hi,</p>
<p>I have a borrower that wants to do a cash-out refinance on a rooming house that they own in Anchorage, AK. I had a lender that said they could do it and after lots of back and forth, they ended up not moving forward with it.</p>
<p>The property is called The Lodge which is a rooming house with a main living room and kitchen area and shared bathrooms. There are 12 bedrooms on the property. They are renting the property short term of varying lengths with a lease agreement with 1 tenant for long-term stay.</p>
<p>Other features include - fridge in each bedroom, coin operated washer and dryer, and each bedroom door is numbered.</p>
<p>The property is zoned residential but the appraiser said that it would be considered a Commercial property because of the title of the property and it's use. The property was renovated recently and the borrower would like to use the additional cash to finish updating the property to it's entirety.</p>
<p>The current loan on the property is $260,000 and the assessed value on the property is around $418,000.</p>
<p>Is there a lender that can do this as a commercial loan? Borrower owns a few rental properties in different locations in the US including AK and has experience with fixer uppers.</p>
<p>Thank you!</p> 2nd Position Commercial Loantag:realestatefinance.ning.com,2023-03-01:6517464:Topic:4849082023-03-01T18:11:34.523ZZane Graserhttps://realestatefinance.ning.com/profile/ZaneGraser
<p>Hi,</p>
<p>I have an odd request from a borrower who is also raising capital. Here are the basic details below if anybody would be interested in financing?</p>
<p>Another borrower reached out to me seeking a 2<sup>nd</sup> position loan which will become a 1<sup>st</sup> position loan after closing. I am just forwarding the information that I got so far to see if this is something you may be interested in before I ask more information?</p>
<p> </p>
<p>I have a commercial property that my…</p>
<p>Hi,</p>
<p>I have an odd request from a borrower who is also raising capital. Here are the basic details below if anybody would be interested in financing?</p>
<p>Another borrower reached out to me seeking a 2<sup>nd</sup> position loan which will become a 1<sup>st</sup> position loan after closing. I am just forwarding the information that I got so far to see if this is something you may be interested in before I ask more information?</p>
<p> </p>
<p>I have a commercial property that my fund is closing on within the next upcoming weeks. The property is on 11 acres of land, and 4 acres will be sold to 2 hotels. Additionally, there is a 48,500 SQ/FT property that is zoned as a medical rehab facility as well as an extra acre of land behind the building. The land is appraised for 9 million dollars per an onsite appraisal we had gotten done recently. The building appraisal is 5 million dollars giving the entire property a total appraisal l value of 14 million dollars. As mentioned earlier we have the property under contract with a purchase price of 6.5 million dollars. We have currently raised 3.5 million dollars from an investor in our fund who is occupying the first position. We have LOI from a rehab facility that is eager to occupy 100% of the building as well as lease the additional acre in the back for 10 years at 30 per SQ/FT NNN. We have 0 tenant improvement costs as the tenant has committed to spend 6 million dollars of their own money to do a custom build out of their liking. Once the property is closed we will sell the 4 acres to the 2 hotels that have LOI's. This would cash out the first position making the second investor(second position) a first position holder immediately after the sale. We are open to making you a first for the full amount needed (6.5 million). We currently have an offer from a REIT to purchase the entire property once we close. I have posted the OM below; please let me know if you have any questions.</p>
<p>Know anyone that can do $3MM 2nd position loan? The first position is getting out two months after closing once the land is sold, which would make second first position. We will be out in under 12 months.</p>
<p> </p>
<p><strong> How much $$ do you need? </strong> We need 3 million.</p>
<p><strong>When do you need it by?</strong> We want to close next week.</p>
<p><strong>How long do you need it?</strong> 12 months.</p>
<p><strong>How will you pay it back? </strong> We are selling the property to a REIT</p>
<p><strong>What can you tell me about security?</strong> Not sure exactly what you mean. The property is appraised at 14 million we have it under contract for 6.5 Million. Information posted below</p>
<p>Thank you.</p> Cash-Out Refi for Manufactured Home in WAtag:realestatefinance.ning.com,2022-11-03:6517464:Topic:4783672022-11-03T00:10:11.591ZZane Graserhttps://realestatefinance.ning.com/profile/ZaneGraser
<p>Hi,</p>
<p>I have a borrower wanting to do a cash out refi on a rental property that they owned for about 2 years in Spokane, WA. Borrower has done many flips in their lifetime and some rental properties. They wish to refi their manufactured home that is a double wide on a concrete foundation. Bringing in $1650/mo in rent. Owes around 130k on their existing loan with a hard money and wants a long term loan. Seeking around 165k loan amount, CMV value is around 270-315k in the area. Most…</p>
<p>Hi,</p>
<p>I have a borrower wanting to do a cash out refi on a rental property that they owned for about 2 years in Spokane, WA. Borrower has done many flips in their lifetime and some rental properties. They wish to refi their manufactured home that is a double wide on a concrete foundation. Bringing in $1650/mo in rent. Owes around 130k on their existing loan with a hard money and wants a long term loan. Seeking around 165k loan amount, CMV value is around 270-315k in the area. Most lenders don't do manufactured home loans so any help would be appreciated!</p> ☛ High Pre-Approval Rate|Small Business Loans| No Upfront Fee's☚tag:realestatefinance.ning.com,2019-08-10:6517464:Topic:3452242019-08-10T03:58:03.693ZChris Swainhttps://realestatefinance.ning.com/profile/ChrisSwain
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<div class="slide first visible"><span>Instant Quick Capital provides small businesses</span><br></br><span>with the capital they need to grow.</span><br></br><br></br><span>*All loans subject to lender approval.</span><br></br><br></br><span>Unlike traditional banks, we judge…</span></div>
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<div class="slide first visible"><span>Instant Quick Capital provides small businesses</span><br/><span>with the capital they need to grow.</span><br/><br/><span>*All loans subject to lender approval.</span><br/><br/><span>Unlike traditional banks, we judge the</span><br/><span>health of a business based on the cash flow </span><br/><span>not just credit scores. Our in-depth</span><br/><span>understanding of small businesses enables</span><br/><span>you to get the funds you need to buy</span><br/><span>inventory, purchase a new piece of</span><br/><span>equipment or launch a marketing campaign</span><br/><span>to grow your business.</span><br/><br/><span>Funds Ranging From $10,000 - $1,000,000</span><br/><br/><span>• 3 - 18 Month Terms</span><br/><span>• Fixed Payments</span><br/><span>• Decisions in As Fast As 1 Business Day,</span><br/><span>Funding As Fast As 3 Business Days.</span><br/><span>• Daily or Weekly Debit Payments </span><br/><span>500 fico</span><br/><span>4 months in business</span><br/><span>$10,000 a month revenue</span><br/><br/><span>No Worrying About A Large End Of Month</span><br/><span>Payment.</span><br/><br/><br/><span>• Purchasing Inventory</span><br/><span>• Facility Expansion</span><br/><span>• Renting, Buying, Or Leasing Equipment</span><br/><span>• Hiring Additional Staff</span><br/><span>• Launching A Marketing Campaign</span><br/><span>• Getting Through A Tight Pinch</span><br/><br/><span><a href="http://www.instantquickcapital.com">http://www.instantquickcapital.com</a> get approved now!!!!</span></div>
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</div> Cash Flow Loans Available For Small Business Ownerstag:realestatefinance.ning.com,2019-06-07:6517464:Topic:3429362019-06-07T04:08:06.314ZChris Swainhttps://realestatefinance.ning.com/profile/ChrisSwain
<p><span>Instant Quick Capital provides small businesses</span><br></br><span>with the capital they need to grow.</span><br></br><br></br><span>*All loans subject to lender approval.</span><br></br><br></br><span>Unlike traditional banks, we judge the</span><br></br><span>health of a business based on the cash flow -</span><br></br><span>not just credit scores. Our in-depth</span><br></br><span>understanding of small businesses enables</span><br></br><span>you to get the funds you need to buy</span><br></br><span>inventory, purchase…</span></p>
<p><span>Instant Quick Capital provides small businesses</span><br/><span>with the capital they need to grow.</span><br/><br/><span>*All loans subject to lender approval.</span><br/><br/><span>Unlike traditional banks, we judge the</span><br/><span>health of a business based on the cash flow -</span><br/><span>not just credit scores. Our in-depth</span><br/><span>understanding of small businesses enables</span><br/><span>you to get the funds you need to buy</span><br/><span>inventory, purchase a new piece of</span><br/><span>equipment or launch a marketing campaign</span><br/><span>to grow your business.</span><br/><br/><span>Funds Ranging From $10,000 - $500,000</span><br/><br/><span>• 3 - 18 Month Terms</span><br/><span>• Fixed Payments</span><br/><span>• Decisions in As Fast As 1 Business Day,</span><br/><span>Funding As Fast As 3 Business Days.</span><br/><span>• Daily or Weekly Debit Payments Mean</span><br/><span>500 fico</span><br/><span>4 months in business</span><br/><span>$10,000 a month revenue</span><br/><br/><span>No Worrying About A Large End Of Month</span><br/><span>Payment.</span><br/><br/><br/><span>• Purchasing Inventory</span><br/><span>• Facility Expansion</span><br/><span>• Renting, Buying, Or Leasing Equipment</span><br/><span>• Hiring Additional Staff</span><br/><span>• Launching A Marketing Campaign</span><br/><span>• Getting Through A Tight Pinch</span><br/><br/><span><a href="http://www.instantquickcapital.com">www.instantquickcapital.com</a> get approved now!!!!</span><br/><br/><span>(800) 316-6683</span></p>
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<p></p> Hard Money Needed for Commercial Fishing Boat- Direct Lender Please!tag:realestatefinance.ning.com,2018-12-27:6517464:Topic:3350232018-12-27T23:05:43.946ZCraig Daleyhttps://realestatefinance.ning.com/profile/CraigDaley
<p>Hello,</p>
<p>My clients are seeking $200,000 to finish the customization of a commercial fishing boat and operations. The port of call is in Newport, Oregon and funds will be used to finish the complete retrofit, sea trials and passage of a commercial fishing boat. This boat is a fiberglass, Vega hull, 45-ft which has been customized for fishing the waters of the northwest coast of South America, including the coasts of Ecuador, Columbia and Peru. The boat will be income producing within…</p>
<p>Hello,</p>
<p>My clients are seeking $200,000 to finish the customization of a commercial fishing boat and operations. The port of call is in Newport, Oregon and funds will be used to finish the complete retrofit, sea trials and passage of a commercial fishing boat. This boat is a fiberglass, Vega hull, 45-ft which has been customized for fishing the waters of the northwest coast of South America, including the coasts of Ecuador, Columbia and Peru. The boat will be income producing within sixty to ninety days from receipt of funds.</p>
<p>They have put in all of their own money ($360K) to this point. It will have a U.S. captain and they are offering up to 18% interest with a 2-year term, 60-day skip and first 4 months interest only. The boat has been approved for 2 ports – Manta and San Mateo, Ecuador. They can also offer a first position security agreement as collateral with willingness to set up lock box payment structure.</p>
<p>I have documentation with NDA/NCA.</p> Refiance funding desired on a MHP in Atwater CAtag:realestatefinance.ning.com,2018-10-12:6517464:Topic:3306992018-10-12T14:31:59.895ZBradley N. Meyerhttps://realestatefinance.ning.com/profile/BradleyNMeyer
<p>Seeking $750,000.00 to refinance a mobile home park. Park valued at $1,000,000.00. This loan will take out the hard money interest only lending with 3-year payment history. Seeking an assumable 20 +year loan. The refinance will put the property in a good cash flow position. Please contact me with offers.</p>
<p>Thank you, Brad Meyer</p>
<p>Seeking $750,000.00 to refinance a mobile home park. Park valued at $1,000,000.00. This loan will take out the hard money interest only lending with 3-year payment history. Seeking an assumable 20 +year loan. The refinance will put the property in a good cash flow position. Please contact me with offers.</p>
<p>Thank you, Brad Meyer</p> EXTENDED TRANSACTIONAL FUNDINGtag:realestatefinance.ning.com,2018-05-16:6517464:Topic:3220162018-05-16T02:11:19.078ZConnie Mileshttps://realestatefinance.ning.com/profile/ConnieMiles662
<p><strong>Does Extended 30-60 day Extended Transactional Funding exist today?</strong> I need 100% financing until the property is flipped to end buyer who needs a short time (30 days) to meet his loan approval requirements. All fees paid at closing.</p>
<p>Contact me TODAY if you are Extended Transactional Lender or can provide a lender referral. Time is of the essence.</p>
<p>Thank you.</p>
<p><strong>Does Extended 30-60 day Extended Transactional Funding exist today?</strong> I need 100% financing until the property is flipped to end buyer who needs a short time (30 days) to meet his loan approval requirements. All fees paid at closing.</p>
<p>Contact me TODAY if you are Extended Transactional Lender or can provide a lender referral. Time is of the essence.</p>
<p>Thank you.</p> Short Term Financing for Acquisitions, EMD, Expenses, NOT a Loantag:realestatefinance.ning.com,2017-10-21:6517464:Topic:3101762017-10-21T00:40:24.038ZMike Haineshttps://realestatefinance.ning.com/profile/MikeHaines
<p>Capital is available nationwide for short term acquisitions and for Free and Clear Properties with the following parameters:</p>
<p></p>
<p>* <b>$10,000-$99,000</b> </p>
<p>* <b>Up to 90 days</b></p>
<p>* <b>Best used to acquire less-costly properties to quickly fix/flip or maybe wholesale flip</b></p>
<p><b><span style="font-size: 13pt;">* </span></b> <strong><span class="font-size-2" style="font-size: 13pt;"><span style="color: #888888;">Best…</span></span></strong></p>
<p>Capital is available nationwide for short term acquisitions and for Free and Clear Properties with the following parameters:</p>
<p></p>
<p>* <b>$10,000-$99,000</b> </p>
<p>* <b>Up to 90 days</b></p>
<p>* <b>Best used to acquire less-costly properties to quickly fix/flip or maybe wholesale flip</b></p>
<p><b><span style="font-size: 13pt;">* </span></b> <strong><span style="font-size: 13pt;" class="font-size-2"><span style="color: #888888;">Best used with properties that are owned free & clear by an investor</span></span></strong></p>
<p>* <b>Up to 40% LTV</b> (Loan To Value) of <b>FMV</b> (Fair Market Value)</p>
<p>* <b>No upfront</b> or hidden fees. Quick funding decisions</p>
<p>* <b>No</b> <b>points,</b> no interest. <u>Not a loan</u>.</p>
<p>* <b>Funding is a Joint Venture (JV), cash-on-cash type investment</b></p>
<p>* <b>Available</b> in all 50 states & DC</p>
<p>* <b>N.O.O.</b> (Non-Owner-Occupied), investor-owned properties only</p>
<p>* <b>Investment must be secured by a 1st position note/deed</b></p>
<p></p>
<p><b>Why you should use us for your short term financing?</b></p>
<p><b> - It is directed at those who <u>cannot or will not use Hard Money Lenders</u> (1-3 months</b></p>
<p> <strong> terms, low FICO score, have no cash, or do not qualify for some other reason) </strong></p>
<p><strong> - We make quick fix/flips possible, for smaller deals, that were previously impossible</strong></p>
<p><strong> - We normally fund in days, not weeks (for qualified deals)</strong></p>
<p><strong> - We do <u>not</u> require an appraisal, credit check or income verification </strong></p>
<p><strong> - Use our funds to get past temporary cash flow hurdles</strong></p>
<p><strong> - Pay overdue: taxes, liens, HOA fees</strong></p>
<p><strong> - Use our funds for building permits, closing costs, materials </strong></p>
<p><strong> - Bring payments up to date on other urgent loans</strong></p>
<p><strong> - Pay off a small note so property can be sold or refinanced</strong></p>
<p><strong> - Get properties out of probate, foreclosure, tax or sheriff’s sale </strong></p>
<p><strong> - Don’t tie up your personal capital, use ours</strong></p>
<p><strong> - Allows investors to leverage themselves into more deals</strong></p>
<p></p>
<p><strong>For more details please email mhaineskw@gmail.com</strong></p>
<p></p>
<p></p> Seeking Short Term Loan On First Position Performing Note...tag:realestatefinance.ning.com,2017-04-06:6517464:Topic:2974362017-04-06T20:44:22.398ZTony Barnaohttps://realestatefinance.ning.com/profile/TonyBarnao
<p>Seeking Short Term Loan On First Position Performing Note...</p>
<p>Hi Team,</p>
<p>Is there any interested Investor able to assist with the above offer?</p>
<p></p>
<p>Thanks</p>
<p>Tony Barnao</p>
<p>wholesalerealhomes@gmail.com</p>
<p></p>
<p>Seeking Short Term Loan On First Position Performing Note...</p>
<p>Hi Team,</p>
<p>Is there any interested Investor able to assist with the above offer?</p>
<p></p>
<p>Thanks</p>
<p>Tony Barnao</p>
<p>wholesalerealhomes@gmail.com</p>
<p></p>