speed funding

[steven bradley]

I'm a private lender, I can help you secure any type of loan at a low interest rate.I offer loans to private Individuals, firms, co-operate bodies, Business Startup etc. Are you looking for loans for any purpose? I sure can help. Kindly mail me now for more information for the loan process. 

[Carol Brenner]

Refinance for rental properties.

• Posted by Carol Brenner on May 24, 2016 at 5:44pm in Request Funding
• View Discussions

Thank you. Below is the full scenarios. Please advise of what Requirements and  documents I need to provide you. Carol 954-520-1469

All properties are to be held in LLC

I personally have 800+ credit scores

Total requested amount: $256,000 can have separate loans.

Need to refinance to recoup renovation cost and get out of hard money loan to permanent loan.

 

Property#1

Address:  West Palm Beach, Fl 33404

3/2 home rehabbed with contiguous lot.

Current market value: $90,000-110000

Seeking cash out refinance :$72,000 for 30 years at 5% Yet I am flexible on rate and also can do a balloon payment.

Payoff of 1st Mortgage $40,000 

Original Purchase Price (closed 4/16) : $54,000 Plus $4800 paid outside closing as we had to redeem properties from Tax Auction.

Rehab cost $25,000: Baths, Kitchen, Ac, Appliances, landscaping, sprinklers, Wall and window repairs, Interior and exterior paint.

Lease amount: $1,400 per month

Property #2

Address: 1200 W 37th St. aka 100 AC Evans, Rivera Beach, FL 33404

4 units a 2/1

Current Market Value: $230,000

Seeking cash out refinance: $184,000 for 30 years at 5% Yet I am flexible on rate and also can do a balloon payment.

Payoff of 1st Mortgage $140,000

Original Purchase Price (closed 3/16): $100,000 plus $3500 in water liens and $2500 in code violations

Rehab cost: $55,000

Leased for total of $4250 per month