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

Fix & Flip Financing Program

Started Jan 14 0 Replies

Submit a Fix & Flip Scenario TodayLoan Amounts from $50K to…Continue

Tags: money, bridge, hard, financing, loan

CRE Bridge Loans & Construction Financing

Started this discussion. Last reply by GLOBAL.DESIGNER.DEVELOPER Jan 18. 1 Reply

Submit a Loan Scenario for Review❗❗Loan Amounts from $2MM to…Continue

Tags: money, bridge, hard, financing, loan

Fix & Flip Financing Program

Started Nov 26, 2020 0 Replies

Submit a Fix & Flip Scenario Today‼️Loan Amounts from $50K to…Continue

Tags: money, bridge, hard, financing, loan

CRE Bridge Loans & Construction Financing

Started Nov 12, 2020 0 Replies

Submit a Loan Scenario for Review‼️Loan Amounts from $2MM to…Continue

Tags: money, bridge, hard, financing, loan

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MULTIFAMILY

Do you need funding to purchase or refinance a multifamily property? Request it here! If you offer multifamily financing... let us know!See More
Friday
Admin and Nick Hubbard are now friends
Wednesday
Nick Hubbard replied to Admin's discussion What type of funding website would work best for you?
"Do we send it to a specific email? Or to your profile inbox?"
Wednesday
Nick Hubbard replied to Admin's discussion What type of funding website would work best for you?
"Multifamily Funding"
Wednesday
Nick Hubbard replied to Kurt Grossman RE's discussion 2 High End Spec Homes in Luxury 36 Holes Golf Course Tract Reno, NV
"Hey Kurt, Just sent you a email regarding the construction loan request! Nick Hubbard | Senior Loan Advisor e: deals@nathancapgroup.como: 314-252-0299w: www.nathancapgroup.com"
Tuesday
Nick Hubbard posted discussions
Jan 14
Shaun Tollman liked Nick Hubbard's discussion Fix & Flip Financing Program
Dec 1, 2020
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Nov 30, 2020
Nick Hubbard commented on Tom Donahue's blog post Construction funding for self storage in Nevada?
Nov 30, 2020
Admin liked Nick Hubbard's discussion Fix & Flip Financing Program
Nov 27, 2020
Nick Hubbard posted a discussion

Fix & Flip Financing Program

Submit a Fix & Flip Scenario Today‼️Loan Amounts from $50K to $12M==========================e: deals@fixandfliplending.coo: 314-252-0299w: www.fixandfliplending.coSee More
Nov 26, 2020
Nick Hubbard and Lisa Verholtz are now friends
Nov 12, 2020
Nick Hubbard posted a discussion

CRE Bridge Loans & Construction Financing

Submit a Loan Scenario for Review‼️Loan Amounts from $2MM to $75MM+==========================e: deals@nathancapgroup.como: 314-252-0299w: www.nathancapgroup.comSee More
Nov 12, 2020
Shaun Tollman liked Nick Hubbard's discussion Commercial Ground Up Construction Financing
Oct 12, 2020
Nick Hubbard posted a discussion

CRE Bridge Loans & Construction Financing

CRE Bridge Loans & Construction FinancingLoan Amounts from $2MM to $75MM-Acquisitions | Refinance | Cash Outs | Ground Up Construction-Competitive Rates & Flexible Terms-Quick Closings-Property Types: Multifamily, Subdivisions, Office, Retail, Industrial, Hospitality, Student Housing, Entitled Land and Specialty Assets.Submit Your Loan Scenario Today:e:…See More
Oct 12, 2020
Pete Muller liked Nick Hubbard's discussion Commercial Ground Up Construction Financing
Sep 25, 2020

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.

Comment Wall (2 comments)

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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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