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dealmakerdb
7 Posts |
 Posted - 01/11/2008 : 06:19:27 AM
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I am looking for lenders to fund 100% of purchase price where the ARV is 70% or less for short term holds of 3-6 months
Please state all terms and conditions |
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topgun56
700 Posts |
Posted - 01/11/2008 : 10:50:58 AM
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LTV: 65% Full doc 60% Stated
RATE: 11.5%
TERM: 2/28
PPP: 2 YEAR
NO BROKER PACKAGES!!!
Dave Britton
Charter Bank A/E
Phone: (866) 733-6869
Efax: (866) 433-1504
david.britton@charterco.com
www.charter504.com
We lend in AZ, CA, CO, FL, ID, NV, OR, TX, UT & WA
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welowe
435 Posts |
Posted - 01/11/2008 : 10:51:58 AM
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We make short term loans to investors who purchase and rehab existing single family detached homes for sale or lease in 27 states.
Loans up to 74% of ARV including interest and fees. Purchases only, no seconds, cash outs or refi’s. Rate 13.88% plus 5 points. Closing about 3 weeks.
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 |
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usfreo
2 Posts |
Posted - 01/11/2008 : 11:25:27 AM
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Dear Dealmaker:
Though we have stopped giving direct loans BUT WILL BE HAPPY to purchase your inventory of SAN DIEGO COUNTY real estate. We will buy on assignment, so you can get immediate cash for sourcing your deals. For the past 15 years we have been lending and buying in the foreclosure sales, but the values in the trustee sales are too high (due to steep loans on the houses). It is easier to buy from the banks -- we have created a REO fund for this task.
We purchase SAN DIEGO COUNTY REO properties from Banks and lenders who are trying to liquidate their portfolios. Our typical transaction size is $2-30 million at a time with 5 day close.
Our inventory (what we are selling) is on the San Diego MLS.
Thanks.
Robin Bisarya
858 481 7512
www.usfreo.com |
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ag957
358 Posts |
Posted - 01/11/2008 : 11:48:42 AM
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Dennis,
I'm pretty sure we have spoken before...as far as I know, no hard money lender is lending 100% on purchases unless they would get a significant taste of the deal - in which case the deal essentially becomes some type of a jv - and obviously to even consider a deal in this market there needs to be compelling reasons as why someone is underselling a property and supporting data as to the realistic resale values based on location, inventory, and demand in the subject property's market...if you have a line on some good deals and want to involve someone with money and are willing to share in the profit then feel free to contact me - I do both hard money loans and purchases for resale.
Art at Trust Deed Investments, Inc
Tel: 415-760-2338
Email: agilberg@aol.com |
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