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chite
254 Posts |
 Posted - 01/31/2008 : 05:02:06 AM
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| Anyone know how to find an investor for a coastal subdivision ready to build out??? 96 lots total, 17 being on the river with ocean access. All the roads are paved with curb and gutters, water, sewer, electric, cable, and fiber optics are installed for each lot. The CCR's are in place and recorded. Selling for 3M below appraisal in order to put out some fires in other subdivisons he has builders in. |
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bzloanman
899 Posts |
Posted - 01/31/2008 : 07:57:17 AM
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What state?
Close 'em!!
BZ |
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apostle007
319 Posts |
Posted - 01/31/2008 : 10:21:42 AM
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We can help,we are direct to the check writers , 95% of the time. we deal strictly with individual investors, and 3 hedge funds. for larger (more than 3 million) transactions. we been doing hard money for 14 years and counting.
We fund in all 50 states and mexico,canada, and south america , our preferred range is 50,000.00 to 4 million, however, we have funded well over 100 million. We will do residential,commercial, land ,a&d, rehab, foreclosure bailouts , purchase, refianance, lease options,reo's(buy and sell), joint venture, gold, oil, d56, jp54, resorts, diamonds, precious metals and stones,
film fianancing and ag. land. We protect our brokers, with signed ncnd and fee agreement on all transactions. Please,
forward your loan scenario, or executive summary, by e-mail or feel free to call us with your request. We split our points
50/50 with our brokers ,less the investor charges. Average funding time on most loans is 15 to 30 days . Can fund in as little as 5 days or less with complete package. Commodities can fund same day with proof of funds, if buying ,or proof of goods ,if selling. (We have buyers as well) film financing requires 20% into project in most cases. For real estate transactions we need : 1003, credit, summary, appraisel ,( or comps, with public records on subject property) title ,or prelim,and exit strategy, (all ,our loans are short term, 6 months to 5 years). no prepay.
We can also do fha and conforming and nodoc in 38 states as well.
Thank you for your business,
Tom Minovich
Elkton Mortgage &
Financial Alternatives Inc.
719.277.6696 ph#
719.277.6697 fx
elktonmortgage@q.com
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chite
254 Posts |
Posted - 01/31/2008 : 10:38:23 AM
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| Wow, Tom. That's great, only I'm trying to find someone to buy, not finance. |
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dkendall1979
10119 Posts |
Posted - 01/31/2008 : 10:39:40 AM
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quote:
Originally posted by chite
Wow, Tom. That's great, only I'm trying to find someone to buy, not finance.
Ha!
What state? |
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SanjayNaidu
14 Posts |
Posted - 01/31/2008 : 10:45:16 AM
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| hmm best bet would be distressed asset and securitization companies i know of a couple but they are HUGE players in the game. Mostly deal with bulk portfolio tapes maybe it may be something up their alley? email me some more in fo and i can put you in contact with the guys. They are at the top no daisy chain |
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