Has anyone found any legitimate lenders? I have found 3% loans needing upfront ap fees, which is a waste of time. I am not looking for 100% financing. I have free and clear collateral worth $100,000. Looking for approx. $210,000 to purchase positive cash flow real estate in Myrtle Beach, SC. I found one legitimate lender offering 15% and 5 points. Are there better deals out there or is this about the best that I'm going to get. Any insight or suggestions would be appreciated. Please email damenps@hotmail.com.

Views: 620

Reply to This

Replies to This Discussion

Hello Peter, 

I've been a Hard Money Lender/Broker since 1990 in Northern California and along with my wife own a small Real Estate & Mortgage business.  I can not lend outside of California but have 2 possible referrals I'll email you, of legitimate lenders who should be able to get you a better rate.  

Best, Forest - The Guy in the White Hat

Hey Forrest,

Hope all is well. Just wondering if you have come across anymore legitimate lenders. I had a deal ready to close, then the lender raised int rate from 9.75 to 12.9, points from 3 to 6 and wanted $2500 upfront to do appraisals when originally didn't need appraisals. Now I am looking for a new lender. Thanks, Pete.

Peter, your email addressed bounced back so I'm just passing along the info here: 

Bob Worthington of APEX Mortgage (you must have a 600 minimum credit score) = 1-800-262-2739 ext 208.

Brian O’Shaughnessy of Athas Capital Group = 1-877-877-1477 ext 555.

Then I’ve spoken with the CEO of “Dohardmoney.com”, Ryan Wright, as well as reviewed his LinkedIn profile and testimonials and he seems to have built a pretty good business and seems to be a good guy.  You could try him if either of the above don’t work out for you:  1-800-284-0076.

 

Good luck.

Forest - The Guy in the White Hat

Thanks for the contacts Forrest. I have a call into Ryan Wright and Bob Worthington. Brian doesn't do residential.

You are welcome and thanks for the update on Brian. 

Best, Forest 

Also, Worthington does commercial only, some residential, 4 plexes, etc. Wright does fix and flips, 6months. I am looking to buy and hold 3-5 years. If you come across anyone else, let me know. Thanks again and i would have no problem paying a finders fee if I close a loan from your referral. Happy New Year.

Sorry about that.  The only other guy I've come across that does multiple states is Marc Rabkin of Rodeo Capital phone #310-927-8200.  Try him out and hopefully he'll be able to help. 

Best, Forest

Hi Peter,

I Am a Direct Lender.  You can call me at 347-77-0189 Mondays Through Fridays from 10am Est to 5pm Est.

Denise

Hello To All,

    I wanted to introduce myself and my Company which is Cyprus Associates ,  I am in the process of launching Cyprus based on my History in the Medical Staffing Industry for the last 25 Years !  Throughout my Journey I have formed connections with a plethora of Professionals which are either in the Financial Investment Arena ,  or who have Incredible Developments or Projects in which they seek Investors .   I am a magnet to People and love collaborating with ALL who are seeking Funding or in search of Investments...


  I just wanted to share that I would love to see how we can collaborate together on the Funding that YOU are seeking ...
I am direct to a lender that will finance the following:  I also WELCOME Investors to contact me for Project Interest..

SBA Loans, Hard Money, Bridge Loans ,  So Many options just for YOU !
Oil, Gas, Alternative Energy, Wind Turbine
In Ground Assets
Rehabilitation
Shopping Centers
Multifamily Apartments
Commercial Properties
Elder Care Facilities
Construction Loans
Factoring
Purchase Order Financing
Acquisition
Hard Money Loans
Heavy Equipment Financing
Sale/ leaseback deals
Medical Equipment Leasing
Hotel/Motel Funding
Precious Metal lines of credit to owners
Precious Gems dealers get working capital
Antique and Fine Art


Please email me pamela@cyprusassociates.com



--
Pamela Paulson

Cyprus and Associates
Founding Partner
Phone:  (619) 445-0065
Cell:      (619) 772-1969
Fax:      (800) 707-6951

Maybe we can help. Check out my site, and fill in the information at the right. Hope we can get it done for you.

Charles A. Smith

Go To: http://724.getthemoneyyouneednow.com/

On a deal that small that is probable the best you are going to get. If you have any larger deals I can work with you. We typically cant do anything below $1 million in the CMBS world. 

Sorry Peter but I don't have another referral for you.  Darn. 

Best, Forest

RSS

© 2024   Created by Admin.   Powered by

Badges  |  Report an Issue  |  Terms of Service