| Author |
Previous Topic | Next Topic |
|
swhloans
34 Posts |
 Posted - 12/17/2007 : 9:59:36 PM
|
We are a Mortgage Brokerage Company in the Houston area specializing in hard money/rehab for N/O/O loans for a wide network of experienced investors. We are currently looking to expand our funding sources due to increase in business.
We are looking for hard money LENDERS that can provide reliable service and prompt responses. A lender that can handle our volume and that can offer low or at par rate programs. We obviously make our money by charging upfront fees so lender fees are a huge factor in making our determination. 60-70% of ARV needed in most cases.
Serious replies only. No Brokers please. |
|
swhloans
34 Posts |
Posted - 12/17/2007 : 11:14:52 PM
|
Thanks Lish but I said no Brokers. I just read some of your postings. Thanks though.
quote:
Originally posted by lish
we specialze in portfolio hard $ and i have true private $ for your tougher loans...max ltv is 70 depending on area. fees are always negotiable, i'm sure we can work something out.
|
|
|
welowe
435 Posts |
Posted - 12/18/2007 : 12:40:03 PM
|
We make short term loans to investors who purchase and rehab existing single family detached homes for sale or lease in 27 states including TX.
Loans up to 74% of ARV including interest and fees. Purchases only, no seconds, cash outs or refi’s.
Loans from $48,500 - $250,000. Metro areas only. NOO only. Minimum FICO 625. Minimum purchase $30,000. Minimum down payment 2-10% of purchase price.
For full program details, including FAQ’s, online pre-approval and application, please visit www.pleaseclose.com/welowe or give me a call.
William E. Lowe
Partner
InvestWell
972-889-7323 X140 (o)
214-530-8230 (f)
welowe@umth.com |
|
|
swhloans
34 Posts |
Posted - 12/19/2007 : 11:32:37 AM
|
I called you today, please call me when you get a chance. I have some questions for you.
Regards,
quote:
Originally posted by welowe
We make short term loans to investors who purchase and rehab existing single family detached homes for sale or lease in 27 states including TX.
Loans up to 74% of ARV including interest and fees. Purchases only, no seconds, cash outs or refi’s.
Loans from $48,500 - $250,000. Metro areas only. NOO only. Minimum FICO 625. Minimum purchase $30,000. Minimum down payment 2-10% of purchase price.
For full program details, including FAQ’s, online pre-approval and application, please visit www.pleaseclose.com/welowe or give me a call.
William E. Lowe
Partner
InvestWell
972-889-7323 X140 (o)
214-530-8230 (f)
welowe@umth.com
|
|
|
lenderben
1041 Posts |
Posted - 12/19/2007 : 1:05:14 PM
|
we are nationwide commercial hard money lenders, in case any of those come through your portfolio.
|
|
|
mgraham224
944 Posts |
Posted - 12/29/2007 : 6:25:31 PM
|
Yeah if you read my posts, I'm a broker too, but I also lend hard money. You can put me in your book as a backup if you need it. I can only do hard money deals in TX within 60 miles of my appraiser friend who lives in Arlington as I dont have anyone else to trust on a visual inspection.
Vanilla stuff only, no development, etc... I do look at credit and income.
65% of MY value which is probably 50% of appraised.
4-6 and 14-16 depending on deal, but probably more like 6 and 16 since its not in my back yard.
Also, I might not always have the juice as my partner and I currently only have 1.3 mil in play. Depending on when you catch me, it might not be available.
|
|
|
ActionMatrix
18 Posts |
Posted - 01/01/2008 : 7:57:21 PM
|
~~~
"that can offer low or at par rate" what do you mean? Hard money with small fees,70% LTV and low rate may not get me to jump up and down and blow my New Year's horn. Good service I can do.
~~~ |
|
|
topgun56
700 Posts |
Posted - 01/02/2008 : 2:12:16 PM
|
NO rehabs!!
LTV: 65% Full Doc 60% Stated
RATE 11.5
TERM 2/28
PPP 2 YEAR
NO BROKER PACKAGES!!
*** EMAIL ME DIRECTLY OR CALL ***
DAVE BRITTON
CHARTER BANK
(866) 733-6869
david.britton@charterco.com
www.charter504.com
We lend in AZ, CA, CO, FL, ID, NV, OR, TX, UT & WA
|
|
|
LaRue
51 Posts |
Posted - 01/02/2008 : 2:36:14 PM
|
This right up our alley. Please give me a call if your looking for great rates. Some of our hard money programs go up to 80% LTV.
Sean L Mitchell
Sr. Account Executive
Conquest Commercial Lending Corp
www.conquestcommercial.com
303 830 9096 (office)
720 339 5212 (cell)
......Conquering the Commercial World!
|
|
|
cplrenteria
23 Posts |
Posted - 01/03/2008 : 06:49:08 AM
|
We offer 100K unsecured credit lines, 17points, 650min fico, must be employed for 2years, credit lines are 30yr fixed standalones at 7.75%.
for business owners we go up to 500k, must be an established business. A one man/woman housekeeping gig will NOT qualify. Need P&L statements 2yrs.
Let me know if interested.
-Luis
lrenteria6022@gmail.com |
|
|
bllinc2002
358 Posts |
Posted - 01/03/2008 : 07:28:15 AM
|
Hi swhloans,
If you're looking for Hard Money (and Sub Prime) lenders, you might want to try www.BrokerLenderLink.com (BLL), the internet's first and only Boolean Rules Pricing Engine for Hard Money and Sub Prime investors.
With BLL, you can enter your scenario, qualify your borrower, and get rates from Hard Money and Sub Prime investors, INSTANTLY. We're a $3 million dollar pricing engine, not a "Post and Wait" for an AE to respond site.
We currently have rates and guidelines of 73 lenders entered into our system. We can add any lender you want to our system. Hard Money AE's on this page, you can email kryanhasse@brokerlenderlink.com to get your rates/guidelines entered into our Rules Engine.
To learn more, read BO Announcement Posts:
"Niche-Matcher Broker-Catcher Money-Snatcher"
"Rules Engine vs: Aggregator: No Contest!"
"Is this pricer an aggregator? Why Should I Care?"
Or, try your scenario for free at www.BrokerLenderLink.com to see if we have lenders in our system that can do your loan. You'll know instantly.
Here's our lender list as of 1-2-08 (I hope it helps you place a loan today!):
1st Choice Equity Funding
Accu Funding
Accredited
Advantage Capital Equity Solutions
AFC Hard Money
Alternative Lending Solutions
American Bancshares Mortgage Corp
AMX
Banco Popular
BB&T Alternative Lending
Bear Stearns
Bluefields Capital
Bridgelock Capital
Charter Bank
Chase
Citi Residential Lending
Clearvue Capital
Crawford Park Financial Inc
D&R Fin.
DFI Funding
Emerald Bay Credit
Emerald Isle Lending
Equifirst
Essex Wholesale
First Franklin
First Mount Vernon Industrial Loan Association
First NLC
GMC Mortgage Capital
Gordon Lending
Greenlight Funding
Gregory Funding
Guaranteed Rate
Hard Money Only
Hartford Financial Services
Homewide Lending
Integrated Equity Management Group
Ion Capital
Lend Source
Lighthouse Capital Funding
LJL Funding
Maitland Mtg.
Mango Bay Mortgage
More 2 Lend Fin.
Mortgage Solutions Management
Mountain Range Funding
Multicorp Financial
New South Federal
Newmark Lending
No Red Tape
Novelle
One Choice Mortgage
P.B. Financial Group
Point Center Financial
Preferred Capital
Raymond C. Green, Inc.
Residential Capital
Roman Capital Group
Saxe Mortgage Company
SBB Financial
Standard Equity Funding
Superior Mortgage
Titan Hard Money
TLP Funding
Tower Mortgage Capital
Trust Deed Investments
Trust One Mortgage
United Residential Lending
USA Funding
USBank
Vantage Lending
Westar Funding
Wilmington
Windstone mortgage Corp.
|
|
|
mwoodling
4 Posts |
Posted - 01/31/2008 : 1:34:30 PM
|
Juan,
We can help you out at FixFunding. Houston has been a great market for us. Here is a quick breakdown of our program for the investment properties:
-Up to 65% Loan To Value (based on after repair value)
-FICOs as low as 550
-12 month interest only terms with no pre-payment penalty
-Stated Income/Stated Asset on application
-Points as low as 14% interest, as low as 4 discount points, with 2 points to the broker.
|
|
|
| |
Previous Topic | Next Topic |
|
|
|
Search for: 
