Principal only Loans backed by Major Insurance company - Real Estate Finance2024-03-29T13:57:38Zhttps://realestatefinance.ning.com/forum/topics/principal-only-loans-backed-by-major-insurance-company?commentId=6517464%3AComment%3A173048&feed=yes&xn_auth=noHello
I have three properties…tag:realestatefinance.ning.com,2014-06-02:6517464:Comment:1789372014-06-02T21:12:32.897ZFrank Lawsonhttps://realestatefinance.ning.com/profile/FrankLawson
<p>Hello</p>
<p>I have three properties that sellers have free and clear of mortgages or leans. One is a office condo with 5 offices inside offered at 150k along with a mixed-use building with four apartments and a store front convenience store. The store is doing 2k month and the apartments are empty but move in ready. There is also a 210 room hotel that I emailed you on a while back it is offered at 4.5m. The hotel is a separate owner then the other two properties. The hotel is under…</p>
<p>Hello</p>
<p>I have three properties that sellers have free and clear of mortgages or leans. One is a office condo with 5 offices inside offered at 150k along with a mixed-use building with four apartments and a store front convenience store. The store is doing 2k month and the apartments are empty but move in ready. There is also a 210 room hotel that I emailed you on a while back it is offered at 4.5m. The hotel is a separate owner then the other two properties. The hotel is under preforming and we have a management company that can step in and turn the hotel around. We are also seeking to qualify the apartments with hud, we are also lining up a possible buyer for the office condo with a seller financing arrangement. Can you help us with this deal funding?</p>
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<p>Thank you</p> Once I am contacted by them a…tag:realestatefinance.ning.com,2014-06-02:6517464:Comment:1787872014-06-02T17:13:28.386ZRobert Goldenhttps://realestatefinance.ning.com/profile/RobertGolden
<p>Once I am contacted by them and they send their "Loan App", I inform them that I have forwarded everything to my lawyer, which i do, and funny this is, you never hear from them again.</p>
<p>Once I am contacted by them and they send their "Loan App", I inform them that I have forwarded everything to my lawyer, which i do, and funny this is, you never hear from them again.</p> The old caveat always applies…tag:realestatefinance.ning.com,2014-05-24:6517464:Comment:1768812014-05-24T03:07:21.618ZMike Haineshttps://realestatefinance.ning.com/profile/MikeHaines
<p>The old caveat always applies if it is too good to be true then it probably is. I saw a similar deal to this maybe it is the same one where the insurance company is Safe Care out of San Francisco. I personally did research into this company which is supposedly registered and regulated by the Cayman Island Monetary Authority. I inquired with CIMA to only find out that the insurance company is NOT regulated or insured by them and that they had issued a bulletin to this affect. What this means…</p>
<p>The old caveat always applies if it is too good to be true then it probably is. I saw a similar deal to this maybe it is the same one where the insurance company is Safe Care out of San Francisco. I personally did research into this company which is supposedly registered and regulated by the Cayman Island Monetary Authority. I inquired with CIMA to only find out that the insurance company is NOT regulated or insured by them and that they had issued a bulletin to this affect. What this means is that Safe Care can not lawfully issue any insurance policies.</p>
<p>Please be careful with any schemes of this nature and do your due diligence. If you can't use your own closing company that is also a red flag. These types of schemes often have multiple parties that all work together in collusion.</p>
<p></p> please send more information…tag:realestatefinance.ning.com,2014-05-23:6517464:Comment:1768452014-05-23T01:16:41.575ZMella Haineshttps://realestatefinance.ning.com/profile/MellaHaines
<p>please send more information to mellahaines@gmail.com. Thank you.</p>
<p>please send more information to mellahaines@gmail.com. Thank you.</p> Please forward additional inf…tag:realestatefinance.ning.com,2014-05-22:6517464:Comment:1767922014-05-22T20:59:41.014Zrobhttps://realestatefinance.ning.com/profile/rob
<p>Please forward additional information to rob@ecapitalfund.net</p>
<p>Please forward additional information to rob@ecapitalfund.net</p> Shawn,
Send information to st…tag:realestatefinance.ning.com,2014-05-02:6517464:Comment:1729862014-05-02T22:38:20.841ZArnold Walkerhttps://realestatefinance.ning.com/profile/ArnoldWalker
<p>Shawn,</p>
<p>Send information to stonecreekfs@yahoo.com</p>
<p>Shawn,</p>
<p>Send information to stonecreekfs@yahoo.com</p> Could I get more information…tag:realestatefinance.ning.com,2014-05-02:6517464:Comment:1730482014-05-02T19:45:52.548ZCharles Smithhttps://realestatefinance.ning.com/profile/CharlesSmith
<p>Could I get more information on this please.</p>
<p>Email me @ casmith40431@hotmail.com</p>
<p>Could I get more information on this please.</p>
<p>Email me @ casmith40431@hotmail.com</p> Hi Shawn
I am interested in 1…tag:realestatefinance.ning.com,2014-04-30:6517464:Comment:1727432014-04-30T20:42:26.494ZMona Guptahttps://realestatefinance.ning.com/profile/MonaGupta
<p>Hi Shawn</p>
<p>I am interested in 100% financing backed by major insurance co. Please send me details at winus2006@yahoo.com or call me at 714 846 1301.</p>
<p>Mona.</p>
<p>Hi Shawn</p>
<p>I am interested in 100% financing backed by major insurance co. Please send me details at winus2006@yahoo.com or call me at 714 846 1301.</p>
<p>Mona.</p> Is this the place that's supp…tag:realestatefinance.ning.com,2014-04-30:6517464:Comment:1726612014-04-30T16:18:28.107ZJeff Gateshttps://realestatefinance.ning.com/profile/JeffGates
<p>Is this the place that's supposed to be located in San Francisco that charges min $10K upfront? Have you personally closed any loans with them?</p>
<p>Is this the place that's supposed to be located in San Francisco that charges min $10K upfront? Have you personally closed any loans with them?</p>