I have a long term customer that is seeking a $150,000 loan on an assisted living facility in Alabama. They currently have it purchased on contract but the seller will subordinate to a second position. The property has a recent appraisal of $840,000. The money will be used as deposits for lease/purchase contracts on two more ALF's in Alabama and for upgrades on those properties. Money can be paid back in 18 to 24 months from cashflow of the properties. The other exit is to refinance all of the facilities and complete the acquisitions upon stabilization. Borrower has been burned badly in the past from hard money lenders and is not will to pay upfront fees but will look at higher interest rates.

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Hi Monte,

Sure, not a problem. Hard Money Mike 443-838-9563

South Ft. Myers Fl. Since 1971. fishermike50@gmail

all 50 states. JUST LIVING THE DREAM!

Hi Monte if your looking for financing when you do an exit strategy please email me and I will send you our guidelines for assisted living facility. Our minimum is $1,000,000.00 , thanks and luck on your projects. 

dmoore@JCunderwriting.com 

www.JCunderwriting.com

Maybe we can help. Check out my site, and fill in the information at the right. Hope we can get it done for you.

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work directly with a lender and we offer the following funding programs:

$100% financing/bond funding.  This funding is 100% financing, but, the principal must be able to be able to pay for the underwriting, due diligence and appraisal fees.  We charge NO UPFRONT FEES to review a transaction.  After reviewing the transaction, we submit it to underwriting and we do a conference call.  We do some "Q & A" with the client and at the end, the client decides if they want to go forward.  They don't pay any fees until they decide And, we even give out references after the conference call.  Yes, you can call our clients and get feedback. 

Recourse Funding.  Commercial and residential loans from $25,000 up to $500,000.  This is an asset based, no-credit score and no personal guarantee loan.  We offer bank rates from 4% to 5.5%.  70% LTV based on the ARV (after repair value) of the property.  For buy/sell, it's 12-18 month interest only and for buy/sell, we can do a 5 to 10 year term based on a 20 to 30 year amortization.  

Non-Recourse Funding.  For our non-recourse lending for loans of 70% to 80% LTV based on the ARV.  So, for example:  you have a client that needs a loan for $3 million and the property is worth $5 million (refinance scenario).  Here, there is no personal guarantee and it is asset based.  The client MUST be able to show reserves and prove he can service the debt.

Should you have any other questions either e-mail me at eliteconsulting799@gmail.com or call me direct at 551-208-7661.

Thank you.

Paula Steele

551-208-7661

Monte, has this need been met?

Jim Albertson

Loan Consultant - Sunovis Financial

(913) 963-2825 / jim@jimalbertson.com

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Monte Alexander,

Good afternoon. My name is Felix and I am a Finance Specialist. We can help you.
Call my partner Courtney Lawrence and she will talk to you about the kinds of funds we provide. Also go to our website. For any questions please to hesitate to reach us.
Courtney Lawrence:
Phone:  (949) 777-5509 | Fax:   (949) 309-2731

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