HARD MONEY LENDER can close in 30 to 45 days

[La Joyce Thomass]

Property Types: non-owner occupied residential, apartments, mixed-use, office, retail, warehouse, light industrial, and self-storage.    Land, special use, gas stations, convenience stores, and portfolio scenarios considered on a per transaction basis.   And loans against non-real estate hard assets such as yachts, fine art, and high-end cars will also be considered. 

Loan Types: Acquisition, Refinance, Construction, Rehab, 1^st and 2^nd Lien Positions, Stated Income.

Geography: Nationwide (major metro areas, reasonable population areas preferred)

Loan Size: 50k – 20M (sweet spot is 200k – 8M)

Loan Term: 2 – 5 years

Loan to Value / Loan to Cost:  Up to 70% LTV/LTC.  Refinances must have 30 percent equity.  Sponsors on acquisitions and construction/rehab must contribute a combination of 30 percent of the transaction size through a combination of cash and seller carryback.  On seller carryback scenarios, the sponsor must contribute minimum 10% cash towards the transaction. 

 Interest Rates: 8.99% - 12.99%

 

Email:  [e-mail] with request

 

[Jude R]

If the property will be purchased with funding combined with Owner financing and the sponsor pays the closing costs and repairs (which sometimes can range from tens of thousands to more than few hundred thousand). Is it ok for you ?

 

Of course we are talking about properties with high cap rate and an excellent ratio of DSC. And may be in some of the purchases even the required funding will be low (only 20%-40%) while the balance will be 60-80% Owner financing.

Please let me know if it can work?  And if so, what are your terms?

Thanks

Jude

[e-mail]