IRIS REYES
  • Fort Lauderdale, FL
  • United States
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NEED FUNDING FOR A CONDO IN NMB,FL BEFORE END OF THE MONTH

Started this discussion. Last reply by Steve Smart Jun 1, 2014. 10 Replies

WE ARE LOOKING FOR FUNDING IN A CONDO PP IS $143K,IS A 2B,2B CONDO IN EASTERN SHORES,NMB,PLEASE LET ME KNOW IF ANYONE CAN FUND THIS DEAL, THANK YOUContinue

Tags: 4/30/14, BEFORE, CLOSE, MUST

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REYMOR TRUST.BUY ,FIX AND RESALE REAL ESTATE

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At 2:29pm on April 15, 2014, Marcus Simpson said…

Hi Iris,

Marc Simpson with Peak Choice Capital. We are currently lending for residential investment properties including multifamily. If the Condo in the eastern shores is for investment purposes only, we would be glad to take a look. Below is some general information on our criteria. If it seems to be a fit, feel free to contact me directly.

Our Loan Terms:
  • Up to 3 years Terms
  • Interest only amortization
  • Cross collateral for higher amounts
  • Down payments of 20% - 25% of property purchase price
  • Up to 80% of purchase price (some cases 65% ARV)
  • Points/Rate dependent on collateral and borrower relationship
  • Personal guarantee require
  • This is more high risk lending which has rates starting at 9.99%-12%
  • Amounts: 50,000 and up
  • 24-48 hour closings 
  • No upfront fees or hidden cost 
  • Discount mortgage notes, foreclosures, trustee sales, and other various notes.

Best regards,

 
 
 

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