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Looking a direct lender
Started this discussion. Last reply by Sylvia Moye Jan 29, 2015. 5 Replies 0 Likes
I am looking to refinance a non -income producing, SFR property that is zoned commercial, estimated value 2M. The property is owned by a nonprofit 501c3 and is located in Memphis, TN 38104. The…Continue
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- JDB Financial is a small team of active real estate investors, entrepreneurs and mortgage professionals. Because we ourselves are entrepreneurs, we bring the entrepreneurial spirit with a “outside of the box” approach to business and provide our investor and borrowers with what they need to reach their financial goals. Real Estate and Business Funding
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I have a client looking for hard money for a owner occupied residence in Massachusetts. He owns a home he is renting for $1,200.00 a month and owes $56k. He wants to purchase a home he is currently living in which is appraised for $430k. The other home he owns and renting is valued at $235-240k. He would like to pay off the $56k and eventually sell that property. The property he is looking to purchase has a 25 horse stall and he is currently renting out five of those stall for $500.00 each. If he can purchase this property he will rent out the remaining 20 stalls. He is a registered horse trainer and police officer with an income of $90k a year and his fiance's income is $35-40 a year.
He is willing to pledge both homes for a loan of $505-515. The value of both homes is $660-670k. As a consultant I am looking to provide my client with 76-78% at 10-11% for 2-3 years no more than 2-3 points. It you could work with me on this deal that would be great. We can proceed immediately.
Mike Anzalone
Primetimefinancialconsultants@gmail.com