HARD MONEY

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bejgam

4 Posts

Posted - 07/14/2008 : 1:54:24 PM

Are there any lenders that will do the following scenario. The buyer does not have anything to show he is strictly going off rentals. Please respond asap.

370 Single Family RENTED Homes being sold as package

Total gross cash flow appears to be $305,201/mo!!
Valued at over $50M
Can pick up for 60% ltv or less....he wants an offer!

I do have the list of each property: address, county, # of bed. and
baths, amt. of rent, sq. ft. and app. value. There have not been any
appraisals, but are using 3 sources to determine current values!!

I just learned that it only one owner, not distressed etc. Owns title
company and several trusts and is just looking to unload. Priced at
what you might pick up a reo package at, but they are all rented.

Venka
bejgam@gmail.com

aaron1976

631 Posts

Posted - 07/15/2008 : 01:10:24 AM

I may be able to help with this one. It is going to require some form of cash nvestment probably 5-10% down, but if the borrower is willing to bring some cash to the table my investors can go up to 65% LTV. Feel free to contact me anytime.

Aaron Cirlin
818-590-4288
aaronc1976@hotmail.com

lenderben

1080 Posts

Posted - 07/15/2008 : 09:21:24 AM

Please contact me to discuss at your convenience.

JOHNA_BAYSTREET

217 Posts

Posted - 07/15/2008 : 10:52:53 AM

I have a hard money guy that go to 80% LTV if needed and can lend in all 50 states. let me know if you are interested...408.510.3420 ext 426..johna@ggfunding.com

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