Looking for a Steady funding source for multible deals per month

[James L Kendrick]

My name is James L Kendrick I have been rehabbing and renovating properties since the 80s, mostly for other investors. In the past couple of years I started to do some for myself now I am trying to build a rental portfolio of single family homes. I have purchased and renovated 2 townhouses and 2 single family houses that are rented and cash flowing. But I had to use hard money and I will have to refi them at some point. I always make sure that when I buy a property that the total cost purchase and rehab is 70% or less of the value.

 

I want to set up an scroll account that I can move quickly on the the deals that I have to keep passing on because the funds are not readily available. I have six deals I looked at yesterday that if I go hard money route I have to get one under contract then find a hard money lender that may have funds available and they only want to go 65% ARV and require me to put 20% of that up then give it back in draws after they do project inspection. This process slows everything down to a snails pace.

 

So if you are an investor that wants to make a consistent interest rate on your money each and every month then you are the investor I am looking for. Please feel free to go to my websites and check out what we do and references from the other investors we do work for.

 

http://rochesterapartmentrentals.com/?page_id=386

 

 

http://rochesterapartmentrentals.com/?p=492

 

http://kendrickpropertymanagement.com/?page_id=32

 

[Nikki Hauenstein]

Hi James!

My company, ReCasa Financial Group, lends to real estate investors for the purpose of rehab. Our rehab loan program offers 100% financing for the purchase, improvements and soft costs on 1-4 family non-owner occupied properties. We also offer free prequalification and you can get prequalified before you have the actual property. If this sounds like something you are interested in, please contact us. We look forward to hearing from you.

Thank you,

Nikki Hauenstein
614-221-6770
[e-mail]
www.recasafinancial.com

[John Lewin]

I can help you with your loan with no Upfront Fees. You would have the privilege to deal with direct private lenders that provide short and/or long term loans that you want. These loan programs are used to finance your Project/Business/Properties and we close loan within 2 weeks max.

For more details and inquiry contact:

John Lewin

[e-mail]

[phone]

[Arnold Walker]

James,

Please find attached information on this investor line of credit program below and more detailed information in the

attachment.


Hedge Fund Real Estate Finance Line of Credit up to $3 Million
Rehab lines of Credit up to $3 Million. 
Client must have completed 3 rehab/flips in the last 18 months
Provide 1 year of tax returns and P&L statements
Have a credit score of at least 620
Need to see at least 3 HUD settlements to qualify
Available in all 50 states
Costs are $895 Appraisal/Underwriting/Document 
Preparation Fee ($450 when appraisal is ordered and $445 at property loan closing)

[Eddie Starr]

Some businesses that fund you may only offer one, or sometimes, two methods to fund your transactions.

100K Investing, LLC., in association with various financial options, can offer you multiple ways to fund your business or real estate deals!

• PREMIERE BUSINESS LINE OF CREDIT
• BUSINESS LOANS
• EQUIPMENT  LOANS
• FACTORING
• PURCHASE ORDER FUNDING
• BLANKET PRIVATE COMMERCIAL MORTGAGES
• REAL ESTATE LINE OF CREDIT
• BRIDGE FINANCING
• HARD MONEY
• COMMERCIAL MORTGAGES
• CONSTRUCTION LOANS
• RETIREMENT ACCOUNT MONETIZATION
• PRIVATE PLACEMENT MEMORANDUM DRAFTING SERVICE
• AND INSURANCE AGENT LOANS

Contact me, directly on this site, or visit http://100kinvesting.tk

[Bob Green]

We offer rental property financing for residential investment properties nationwide - No tax return required or personal debt to income counted against you. Bank rates/terms.

We make “asset-based” loans, which means we evaluate the cash flow of your rental property rather than your personal debt to income ratio.

Our typical client owns 5 or more units, and has been turned down by the bank due to insufficient income shown on their tax returns. We make it simple to qualify and use a common sense approach to approving your loan. Personal debts do not count against you.

Currently we have a 5 unit minimum - $500,000 loan minimum, however this is going to change by end of year to 1 unit minimum with loan of $100-150K minimum.

The main difference's between us and a traditional bank.

1. We offer 10 year fixed rate/ 30 year amortizations. In general, banks only lend up to 5yr/20 amortizations

2. We offer non-recourse loans - Banks only recourse

3. We do not require tax returns and do not look at your personal debts. We only care about the cash flow of the property - With banking, there is something called global debt service ratio that can kill a deal very quickly because personal debts are counted against you.

4. We allow 90 day value seasoning from the day you close. This will allow you to cash out based on fair market value with out waiting 12 months, therefore leveraging the equity to buy more property sooner than later - Most banks will not allow you to leverage the equity until property is owned for 12 months

5. We do not care how many properties you own, we can finance as many as you would us like to.

6. Minimum FICO 660 - Most banks 700 and higher

7. Cash out for anything - Most banks want to know where the cash is going to be spent

8. Minimum Debt Service ratio 1.2% NO Global Debt Service Ratio. We only look at the asset- Traditional banking count personal debts against you

---

Bob Green, THG Capital Fund
E-Mail: [e-mail]
Telephone: [phone]
Website: http://www.realestatelender.info

[Bob Green]

Greetings James,

We offer rental property financing for residential investment properties nationwide - No tax return required or personal debt to income counted against you. Bank rates/terms.

We make “asset-based” loans, which means we evaluate the cash flow of your rental property rather than your personal debt to income ratio.

Our typical client owns 5 or more units, and has been turned down by the bank due to insufficient income shown on their tax returns. We make it simple to qualify and use a common sense approach to approving your loan. Personal debts do not count against you.

Currently we have a 5 unit minimum - $500,000 loan minimum, but this amount will be reduced by end of year but likely sooner.  I am to write a loan on 1-unit, also, so long as the property will appraise for at least $100,000.  The minimum loan size is $75,000.

Rates are drive by loan to value, fico score and loan size.  Blanket loans range from mid 5's to mid 6's - single unit loans mid 6's to low 7's - both programs offer 5 and 10 year terms - 30 year amortizations.

The main difference's between us and a traditional bank.

1. We offer 10 year fixed rate/ 30 year amortizations. In general, banks only lend up to 5yr/20 amortizations

2. We offer non-recourse loans - Banks only recourse

3. We do not require tax returns and do not look at your personal debts. We only care about the cash flow of the property - With banking, there is something called global debt service ratio that can kill a deal very quickly because personal debts are counted against you.

4. We allow 90 day value seasoning from the day you close. This will allow you to cash out based on fair market value with out waiting 12 months, therefore leveraging the equity to buy more property sooner than later - Most banks will not allow you to leverage the equity until property is owned for 12 months

5. We do not care how many properties you own, we can finance as many as you would us like to.

6. Minimum FICO 660 for blanket loans- 600 for single unit loans- Most banks 700 and higher

7. Cash out for anything - Most banks want to know where the cash is going to be spent

8. Minimum Debt Service ratio 1.2% NO Global Debt Service Ratio. We only look at the asset- Traditional banking count personal debts against you

[Flerida Santana]

Mr. Kendrick, Like to learn more about your projects, I believe we can help.  Lets talk:  518 728 9659