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darryl@shortsale
1 Posts |
 Posted - 02/12/2008 : 11:36:36 AM
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| I have buyers who are interested in purchasing REO's in BULK @ 60% of actual value with 5% down. The purchase prices will be between $5million 0 $10million. Is there anyone out there who can get this financed? |
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FLhardmoney
252 Posts |
Posted - 02/12/2008 : 12:04:32 PM
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| The loan amounts are no problem but more of a downpayment is going to be required. Also would need to know the parameters being used to select the properties. As almost every investor will tell you, if the owners are all willing to sell at 60% then why is that not the actual value? |
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peteme
47 Posts |
Posted - 09/06/2008 : 11:08:25 AM
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| can do this |
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homebroker@sbcgl
3551 Posts |
Posted - 09/06/2008 : 11:11:26 AM
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What is needed about 10% down, if the LTV is around 60%??
quote:
Originally posted by FLhardmoney
The loan amounts are no problem but more of a downpayment is going to be required. Also would need to know the parameters being used to select the properties. As almost every investor will tell you, if the owners are all willing to sell at 60% then why is that not the actual value?
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privatecash
1760 Posts |
Posted - 09/06/2008 : 11:11:53 AM
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| We have several private investors who will finance the acquisition up to 90% LTV and fund 100% of any rehab costs up to 65% of the ARV. We are in OC and our investors are local. Email details for pricing. |
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peteme
47 Posts |
Posted - 09/07/2008 : 1:50:17 PM
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Can help with this, hard money 9-14% nothing upfront, 1-3 yrs, interest only, no prepayment. Close in two weeks
Peter Tucker
home (517) 580-3134
cell (517)2815089
peter_tucker@comcast.net
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