WANTED: stated income spec loan for up to 7 houses - great credit -investors welcome

7 houses to build on the Oregon coast. Turnkey cost to build $300k (+/-). Value of completed homes $400k-450k (+/-).

Great credit score; collateral in other properties as well.

Looking for lenders, equity partners, private investors

www.crossovercorporation.com

Rick 253-227-4864

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Permalink Reply by Kathleen Smith on October 9, 2015 at 11:26am

if you are the borrower, i would be interested in that deal.

please email to me the details with the hard and soft cost to me, and i will direct you from there.

Thank You

Kathleen Smith

Harbour Equity Partners
Private Client Services, LLC

Admin Assist. | Private Banking and Client Services

NY Office 631-757-9700

Fax. 631-991-9142
Email. Info@SuperJumboLoans.Info

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Permalink Reply by Rick Thorp on October 9, 2015 at 2:50pm

Hello Kathleen,

Obvisouly, each house is different, but generally, they will be about the same:

Soft costs are around $7,500

Hard costs are around $265,000 (includes sitework)

Land payoff (it's currently owner carried contract) is $30,000

we are doing 2 right now and the others to follow.

Thank you,

Rick 253-227-4864

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Permalink Reply by Archie David on October 10, 2015 at 4:46pm

Hello Rick,

I'm interested to help you to get the financing done. Is it for $300k x 7 = $2.10 M? What will be the LTV? Are you looking for start-up capital of 100% financing? Let's workout.

Please send reply and details by e-mail at archie@fc4you.com

Thank you and regards,
Archie David
Managing Director,
Finance Centre, Ontario, Canada
www.fc4you.com
www.renewenergyfinance.com
T / F: + 1 416 - 273 8820 M: + 1 416 - 856 8999 E-mail: archie@fc4you.com