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cstevens
47 Posts |
 Posted - 08/05/2008 : 4:20:40 PM
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I am looking for a hard money lender for 13 deals I have on my desk, and 40 or so more behind them.
My primary concern is a dependable hard money lender that is willing to share in the points and fees.
All of the deals are owner-occ in San Diego County and under 65% LTV. Most are NOD bailouts.
Appraisals are being ordered COD as we speak, and I need to make 3 to 4 points on each deal, leaving 3 to 4 points to the lender.
Lenders only, no broker daisy-chain.
Thank you, |
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ag957
357 Posts |
Posted - 08/05/2008 : 4:26:21 PM
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I might be interested depending on the facts ( LTV, loan amount, location. condition, exit strategy ) - one of the biggest hurdles is that there is a limitation on what a borrower can be charged on owner occupied loans pursuant to Section 32....please feel feel to contact me.
Art Gilberg
Trust Deed Investments, Inc - Direct Hard Money
Tel: 415-760-2338
Email: agilberg@aol.com |
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Jack Straw
1096 Posts |
Posted - 08/05/2008 : 11:03:50 PM
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Art know of what he speaks. CAL 32 law won't allow so many points to be charged but I can get you 2 per deal. Contact me to discuss the specifics. No deals in Chula Vista though.
Best Regards,
Gillee Sherman, California Equity Lenders, Inc.
(818) 584-2318 - Direct
(818) 522-9307 - Cell
(818) 337-2262 - Fax
gillee@calequitylenders.com
www.calequitylenders.com
Easy ‘Hard’ Money for the 21st Century
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kennethortiz
81 Posts |
Posted - 08/06/2008 : 07:49:20 AM
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We can help. We are looking to expand into the SoCal markets so I'd be VERY interested in speaking with you about your deals. We will always follow local laws but we will always find a way to properly compensate people who bring us solid deals too.
Please call us |
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usevacationvouch
230 Posts |
Posted - 08/06/2008 : 07:52:09 AM
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Is Chula Vista a no no now?
quote:
Originally posted by Jack Straw
Art know of what he speaks. CAL 32 law won't allow so many points to be charged but I can get you 2 per deal. Contact me to discuss the specifics. No deals in Chula Vista though.
Best Regards,
Gillee Sherman, California Equity Lenders, Inc.
(818) 584-2318 - Direct
(818) 522-9307 - Cell
(818) 337-2262 - Fax
gillee@calequitylenders.com
www.calequitylenders.com
Easy ‘Hard’ Money for the 21st Century
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PBFinancial
306 Posts |
Posted - 08/06/2008 : 10:47:22 AM
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I am direct lender and I can help you out but as Art and Gillee stated on owner occupied properties you can not charge that much and it has to fall in line with section 32 limits.
call me if you have any questions.
Pouyan Broukhim
PB Financial Group Corp
310-289-0900 x 102 Office
866-318-4471 Direct Fax
PBRoukhim@pbfinancialgrp.com
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Jack Straw
1096 Posts |
Posted - 08/06/2008 : 12:03:31 PM
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| Chula Vista is a BIG no no. New local ordinances make it so difficult because of the hoops one would have to jump through to foreclose. |
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cornflkchk
81 Posts |
Posted - 08/08/2008 : 1:39:19 PM
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We can do an HELOC in 1st or 2nd position on these loans. We are a direct lender that undewrites, docs, funds and services our loans. We can even go 2nd behind in a foreclosure bailout situation.
Please give me a call if interested!
Thanks,
Shannon Richards
Unifund Financial Group
Sr. Account Executive
949-244-1205
shannon@unifundloan.com |
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cornflkchk
81 Posts |
Posted - 08/08/2008 : 1:40:01 PM
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| also since these would be an HELOC situation you would be able to charge the number of points you would like! |
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