Lenders I work with are making loans for homeowners in foreclosure or default.
Bail Out Loans
They are very effective in assisting homeowners in foreclosure or Default in restoring their loan Situation.
65% L.T.V Cash out with Default or Foreclosure
Our Specialty loans
Bailout loan 65% L.T.V
2nd T.D. For Business Purpose up to 65% C.L.T.V
Land Loans up to 70%
Purchase Fix and Flip 90% with 100% Rehab.
1 Day in the Investment business no problem 80% L.T.V. Purchase.
1 Day on Title 70% L.T.V Refinance N/O/O
Gap loans are generally high interest, last option loans that may cost 12% + APR and more than likely will cost a chunk of your profit on the back end. Many lenders will ask for up to 50% of your profits.
Most lenders won’t gap behind another lenders loan. If you lack the funds for a down-payment but your deal has a lot of current or potential equity, you may persuade them to go up to 75% of the ARV or after repaired value. This would include funds for acquisition, rehab and holding costs such as interest payments, etc.
Gap loans can also be self-generated by way of unsecured credit lines, business credit lines or term loans.
Also EMD funding is available to assist in certain situations.
They provide capital based on an average of $10k monthly deposit and 6 months in the business. They can fund in as little as 5 days.
Residential, Multi-Family, Commercial, Specialty Properties and Land
Large or small, condo or townhouse, house or Mansion.
We work with strong commercial lenders, they are nationwide direct non-bank lenders. They provide Transactional loans, they are one of the few SBA Preferred Lender and they specialize in owner-occupied properties.
Some of the deals they’ve funded are:
Atlanta Office Building
Office Building in Atlanta the loan was submitted on a Wednesday, and they had approval by Friday. They sent docs out the following Thursday to meet the close of escrow. This was a 65% LTV Conventional loan of $2,080,000
They rose to the occasion with a lucky teacher in GA, funding a childcare facility using an SBA 7A loan with a high LTV (87.5) in a rural setting and startup business! They had other obstacles but persisted with creative financing and some additional collateral, they were able to close!
Industrial building funding
With an Industrial auto service bank turn-down that was submitted on the 16th for approval; by the 27th they used a SBA 504 loan and a combo 1st Trust deed and Bridge loan totaling over $3.3M. They closed this 90% LTV loan in Los Angeles in 2 weeks.
Fast Food Funding
Even after several lending institutions passed, because there were very minimal industry ownership/management experience, they were able to fund a fast-food purchase with a 2 loan combo for over $550,000 in CA.
Construction Company Funded
Our partners pleased their Construction company borrower
after performing on a previous loan, they received the opportunity to fund a
refinance of an existing asset, the borrower had issues and were declined by 3
other banks, the current loan had matured, and the borrower needed a 6 figure
cash-out for working capital, they
obtained a 60% LTV conventional loan for $600k cash-out.
SBA 7a Loan Funding in North Carolina
They provided a $1.1M cash-out on an office condo in NC for a borrower to pay their taxes to be eligible for an SBA 7a loan to refinance a second building with working capital.
Office Funding in Florida
They were able to beat out a local bank for the business of
a top operator who purchased an office in Florida for $300,000 at 85% LTV.
Retail Funding in San Francisco
Creatively speaking, our partners think outside the box and
know the markets, they financed the purchase of a mixed-use retail and
residential property that penciled out and had aggressive projections, at 80%
LTV they made a loan over $1.3M in 32 days in San Francisco.
Hotel Purchase in Colorado
A hotel purchase in Colorado with a 2 loan combo, and over
$4M in creative financing, the change in hotel flag due to change in ownership was
an issue for some banks but my partners closed it up!
Multi-Tenant Refinance in Los Angeles
In Los Angeles, I was happy when they performed great on a private money loan funded a multi-tenant refinance, taking the owner out of a high-interest loan to a low-interest conventional loan at 65% LTV.
Closed Despite Bankruptcy, Lien & Judgements
They were able to defeat multiple obstacles with a client
that included: 2 operating companies, multiple affiliate businesses,
inconsistent cash-flow, and a history that included a bankruptcy, multiple
state lien & judgements for over
Expansion Funds for a Construction Company
They helped an established contractor of 32 years fund an expansion for their business for over $850k, based on projections.
Cannabis & Hemp Funding
If you have the experience, cash reserves and good to great credit, we can look at Cannabis and Hemp financing requests.
If you’re in need of Commercial Financing, Contact me – Greg@fixandflippers.com with your Loan Scenario
This year one of my goals is to become an even larger resource for the Fix and Flip & Investor Community. After 16 years of service in this industry, we connect investors to lenders and private funding programs nationwide.
After reviewing these new loan offers and working with dozens of lenders, I compiled this list of lenders to refer to interested parties.
We have multiple unsecured funding options available:
I’ve had success getting people credit cards and credit lines in excess of $180K in 10-15 days. these come in various amounts from $1000-$50,000, can come in cards, credit lines or hard checks mailed to your home to be deposited in your bank account! Some intro rates are 0% APR for 12 months to incentivize you to use the cards, some start off at 26%+. We don’t ask for financials, bank statements, tax returns or proof of income!
Minimum loan is $30,000, max is around $300,000.
Customers have used these funds for real estate purchases, commercial properties, down-payment, EMD, reserves, etc.
We also have our own credit card processor to facilitate the liquidation of credit lines/cards.
We also have “Equifax” only financing, if that score is 680+, we’ll use it.
No business plan is needed!
Prior bankruptcy must be over 5 years, no open collections.
Can’t use CPN’s for these loans.
Program #2 – Business must have 2 years operation, must own real estate, they can give a 2nd or 3rd mortgage, 10-21 days – Have to have cash flow, Above 500 Fico.
Program #3 – Must have good credit w/Biz tax returns – 680+ fico, have Profit & loss, 6 months bank statements, 2 years personal statements, up to $1M in revolving or term funding. No upfront fees, no underwriting fees, back-end points.
Program #4 Must have a good corp, in good standing with history & stellar credit, but no tax returns, but servicing $500k in debt currently (strong credit profile) there is a 37 point checklist which checks for registrations, database entries, etc. which we can consult on.
Need 740 Fico, This is a stated assets and stated income program. Takes 21-60 days to complete the 1st round of funding. 1st round is $150k-$250k