Nick Hubbard
  • Saint Louis, MO
  • United States
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Nick Hubbard's Discussions

Residential Bridge Loan Program

Started Sep 11 0 Replies

RESIDENTIAL BRIDGE LOAN PROGRAM-Loan Amounts: $250K to $5M-Acquisition |…Continue

Tags: money, bridge, hard, financing, loan

Commercial Property Bridge Loan Program

Started Aug 26 0 Replies

Commercial Property Bridge LoansLoan Amounts from $1M -…Continue

Tags: money, bridge, hard, financing, loan

Commercial Ground Up Construction Financing

Started Aug 12 0 Replies

Commercial Ground Up Construction FinancingLoan Amounts from $1M to…Continue

Tags: money, bridge, hard, financing, loan

Commercial Ground Up Construction Financing

Started Jul 15 0 Replies

Commercial Ground Up Construction FinancingLoan Amounts from $1M to…Continue

Tags: money, bridge, hard, financing, loan

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Nick Hubbard's Page

Latest Activity

Jamie Cafaro liked Nick Hubbard's discussion Residential Bridge Loan Program
Monday
Nick Hubbard posted a discussion

Residential Bridge Loan Program

RESIDENTIAL BRIDGE LOAN PROGRAM-Loan Amounts: $250K to $5M-Acquisition | Refinance | Cash Out-Property Types: Investment SFR / 1-4 / 5+ / Condos-Up to 80% LTV-Interest rate starting at 7%-1 to 3yr I/O terms-1 to 2 week closingSubmit Your Loan Scenario Today:E: hml@elitefactoring.comO: 314-252-0299See More
Sep 11
Nick Hubbard replied to Pete Muller's discussion Rental funding needed
"On a 30yr fixed loan, the highest LTV your going to get is 75% LTV."
Sep 1
Jamie Cafaro liked Nick Hubbard's discussion Commercial Property Bridge Loan Program
Aug 26
Nick Hubbard posted a discussion

Commercial Property Bridge Loan Program

Commercial Property Bridge LoansLoan Amounts from $1M - $50M+Terms:-Acquisitions | Refinance | Cash Outs-Rates Starting at 6.99%-Up to 80% LTV-1 to 3yr Terms-Property Types: Office, Retail, Multifamily, Industrial, Hospitality, Student Housing, High End Residential and other specialty assets.-Quick Approvals & Fast ClosingsSubmit a Loan Scenario Today:Nick Hubbard |…See More
Aug 26
Lisa Cooper liked Nick Hubbard's discussion Commercial Ground Up Construction Financing
Aug 12
Nick Hubbard posted a discussion

Commercial Ground Up Construction Financing

Commercial Ground Up Construction FinancingLoan Amounts from $1M to $75M+TERMS:-Up to 75% LTC-Rates starting at 6%-12 to 36 month terms-Non recourse option(subject to underwriting)-Quick closing time-Eligible Locations: Nationwide-Property Types: Subdivisions, Office, Retail, Multifamily, Industrial, Hospitality, Student Housing and other specialty assets.SUBMIT YOUR LOAN…See More
Aug 12
Brian Martinez and Nick Hubbard are now friends
Jul 24
Nick Hubbard replied to Brian Martinez's discussion Need a cash out blanket loan so I can purchase more properties
"Hey Brian, We can definitely get this done! We provide several RE financing programs(Stated Income, Hard Money & Bridge Loans) for acquisitions, refinancing or cash outs. Our programs are streamlined and we can get borrowers funded quickly. If…"
Jul 23
Nick Hubbard posted a discussion

Commercial Ground Up Construction Financing

Commercial Ground Up Construction FinancingLoan Amounts from $1M to $75M+TERMS:-Up to 75% LTC-Rates starting at 6%-12 to 36 month terms-Non recourse option(subject to underwriting)-Quick closing time-Eligible Locations: Nationwide-Property Types: Subdivisions, Office, Retail, Multifamily, Industrial, Hospitality, Student Housing and other specialty assets.SUBMIT YOUR LOAN…See More
Jul 15
Nick Hubbard posted a discussion

Fix & Flip Loan Program

Fix & Flip Loan ProgramLoans from $50k to $10M-12-Month Term-Up to 85% of the purchase price + 100% of renovation cost | Not to Exceed 70% of the ARV-Rates Start at 8.75%-Minimum 650 credit score-No prepayment penaltySubmit Your Loan Scenario Today:e: hml@elitefactoring.como: 314-252-0299See More
Jul 13
Admin liked Nick Hubbard's discussion Commercial Ground Up Construction Financing
Jul 7
Nick Hubbard posted a discussion

Commercial Ground Up Construction Financing

Commercial Ground Up Construction FinancingLoan Amounts from $1M to $75M+TERMS:-Up to 75% LTC-Rates starting at 6%-12 to 36 month terms-Non recourse option(subject to underwriting)-Quick closing time-Eligible Locations: Nationwide-Property Types: Office, Retail, Multifamily, Industrial, Hospitality, Student Housing and other specialty assets.SUBMIT YOUR LOAN SCENARIO:Nick…See More
Jul 7
Nick Hubbard posted a discussion

Rental Property Equity Line of Credit

Rental Property Equity Line of CreditLine of Credit Size from $200,000 to $1,500,000-PROPERTY TYPES: Single family rental properties, and multi-family investment properties.-LEVERAGE: Up to 70% LTV-LENDING AREA: Nationwide except – CA, ND, DC, TN, & UT-LOAN TERM: 2 Years-AMORTIZATION: Typically, Interest-only-INTEREST RATE: 5.99% – 7.99%-PREPAYMENT PENALTY :…See More
Jun 22
Nick Hubbard replied to Kevin Matthew Rivera's discussion 1,400,000 SFR investment property purchase I need 85% LTV
"85% LTV is not happening in this market!"
Jun 15
Nick Hubbard posted a discussion

Commercial Ground Up Construction Financing

Commercial Ground Up Construction FinancingLoan Amounts from $1M to $75M+TERMS:-Up to 75% LTC-Rates starting at 6%-12 to 36 month terms-Non recourse option(subject to underwriting)-Quick closing time-Eligible Locations: Nationwide-Property Types: Office, Retail, Multifamily, Industrial, Hospitality, Student Housing and other specialty assets.SUBMIT YOUR LOAN SCENARIO:Nick…See More
Jun 14

Profile Information

Company name and description
Elite Factoring is a St. Louis based finance firm that specializes in Invoice Funding, Purchase Order Financing, Merchant Cash Advances, Equipment Sale Leaseback Financing and Commercial Hard Money Loans.

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At 6:03pm on June 4, 2019, Ruth McGuinness said…

Hi Nick, 

        I have a deal in New York that I'm looking to get funded. I need rehab funds-$150k-on a 9642 sq ft mixed use property (I already own the property). I got it at an auction price (from a foreclosure situation) so to speak-I paid $12k (ARV is $200-$250k+). It has 9 apts.-ranging from efficiency to 3 bedroom-and a commercial space on first  floor with dining room, dining/dance area with stage, 2 "bar" areas-one with large gathering area, 4 bathrooms, office, kitchen, 2 storage areas, and entry area leading to 2 upper floors of apts.   

         It needs electrical and plumbing overhaul, and a decent amount of aesthetic repair and upgrades. I have already had an inspector go through to give us more of a specific idea as to the scope and necessities required according to law, code and such, and contractors are almost done with the SOW. I don't know if I would be able to do a refinance-type loan on the ARV, or if it would have to be straight rehab?  

          Needs to be a stated, asset-based deal, as the revenue from the property after rehab (DSCR) would be the main consideration as well as the ARV.  I am trying to connect with a lender that will wrap as much into the loan as possible even if it means an extra point or slightly higher interest initially to be able to have as little needed as possible at closing since funds are getting tight at this point due to delays. MIGHT even consider short term equity deal of profit percentage. I also have an OO property with some equity if needed.

           I have good credit-no negs-and a 700 score (was higher until recently-had to purchase a vehicle). Once rehab is done, immediate revenue will be $6300 per month from apts., and within an additional 1-3 months or so that figure will jump to approximately $15k+ per month. 

At 7:29pm on August 18, 2018, Victor Gresham said…

Hello,

Need a hard money loan to purchase a property for humanitarian use.

Property address is 7919 Albin Ln Houston Texas 77071.

6 bedrooms 9 bathrooms 8,000+ sf, in ground pool and jacuzzi, 2 story property.

Purchase price is $350,000.

Rehab cost is $125,000.

Harris County Appraisal District has the property appraised at $706,000.

Zillow has the property appraised at $608,000.

Title work is already completed and closing documents have already been signed.

Propertry to be refinanced after repairs are completed.

Original private lender backed out on the day of closing.

Need funding ASAP.

Victor Gresham

(832) 849-8266

greshamvictor01@gmail.com

 
 
 

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