ARE U A GENUINE PRIVATE LENDER LOOKING FOR REAL AVENUES TO INVEST/FUND ??? ONCE OFF OR ONGOING ??? ARE YOU A QUALIFIED INVESTOR ???
$40k, $60K, $80k, $105k, $178k, $244k, $421.5k or $500k per month ???
We are a family based Private Real Estate Investing business, acquiring foreclosed SFR's in the Greater Tampa Bay Area, FL on an ongoing basis. As such, our life-blood is Funds - which we use to purchase & rehab & re-sell at Market Value. Our intention is to find & partner with genuine PRIVATE LENDERS, who can grow with us, either
A) with interest-bearing loans covering the FULL project costs [purchase/rehab/closing/carrying/funding] or B) JV Partnering [profit-split] with our Partner covering the full costs.
We also entertain taking in a Private Lender(s) or JV Partner(s) in 2nd position - who fund the Gap between the 1st mortgage & the balance of what the project requires. This bridge/gap funding would range from $40k-$80k, depending on the property at the time.and should return 25% per project [or 50% Annualized Nett Return or more ] - pro-forma.
We currently have 3 properties requiring $514k secured by $700k of R.E. assets. Or $40k, $60k & $80k required in 2nd position/note with profit-split.
We prefer working with a Private Lender(s) who keeps things simple & can fund in a relatively short period of time, where we show Lender/JV partner the new property & the $ numbers for approval & funding - with each new property brought to the table.
Part of our Success Formula is that ALL our properties have negligible light/cosmetic touch-ups ONLY [& we still also include a contingency amount].
3 ACTUAL SFR examples follow;-
Purchase Price $88.5K $148k $205k Re-hab $ 8k $ 15k $ 25k ARV/Market Value $135k $235k $330k Required Funding - Full Amount $104.5 $177.5k $244k [roughly 75% of ARV ] - 2nd Position $40k $ 60k $80k [with 1st mortgage of 80% of Purchase Price]
Contact Sol Celender tel (818) 394-9382 cell (818) 292-1353 PST ; firstname.lastname@example.org celenderproperties.com