Hot New Investor Loans to Watch for in 2018!


Happy New Year!

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.

I hope you enjoy!

-Greg

Recently Closed A Bulk Performing Notes Deal, Looking for More Assets!


Fix and Flippers, LLC has closed a bulk Performing Notes purchase transaction with two private companies for an undisclosed amount.

For many years I’ve attempted to locate a perfect match: a buyer and a seller for non-performing or performing notes. Like many colleagues, I’ve encountered the most frustrating situations: after being hand-walked into a servicing company 5 years ago, I was delivered notes on a platter, but I hadn’t identified a true buyer, and consequently, I burned my relationship because my “buyers” did not or could not close anything.

Then over the years I’ve met many true and serious note buyers who could not prove their capabilities to me because I had no notes to sell them. This was soon to change.

Recently I was introduced to a note seller through a referral partner, they proved to hold some product of interest but like most deals – ultimately fell apart.

Rewind to December 2016, originating from a Craigslist ad – I get a response to an ad I post regularly about private trust deed lenders who make loans to flippers, especially in 2nd position, as gap lenders, he explained that although in his companies’ 25 year history they’ve purchased performing and non-performing notes as well as REO from banks, credit unions, savings and loans, builders, mortgage companies, private equity firms, and that they’d buy a single loan and has closed $100M loan portfolio and now they’ve had success buying from individual investors and offering them an outlet.

He wanted me to refer my private lenders to them, but of course, I needed a way to vet their company.

All year I’ve been sending them note packages and they make bids and proceed with due diligence, which lead to notes with no discount, heavily shopped, fake packages, notes with no title policy and/or missing or incomplete paperwork, until finally one of the many leads I’ve introduced to them: brings a fresh portfolio of 20+ performing, agency quality performing notes, of course many things went wrong with the deal, with the usual transaction drama that ultimately resulted in a large portion of the notes to be dropped from the purchase, but finally it closed!

Now we can officially add this to our resume of different transactions we’ve facilitated or been a part of including single family, bulk single family, an operating business, various kinds of loans/funding and now bulk notes.

This is the time of year when lenders may have loans on their books that they want to get off before the end of the year. Also during the year institutions will lose investors and investors decide to discontinue programs. They can sell to my buyer.

Experts would agree with me when I state that: A portfolio or seasoned, long-term, low coupon fixed rate loans can become an asset risk liability…

Sub-Prime loans that remain in company pipelines and portfolio can become a risk liability.

 

Note Purchaser Looking for:

Anything Nationwide Performing or Non-Performing, REO, Deed in Lieu, SFR, Condo, Duplex, Multi-Family, Strip Centers, Offices, Warehouses, Churches, Mobile Home Loans, Residential, Commercial, Rural, Land and unusual properties.

  • They look at everything.
  • They’ve closed over $3B in assets.
  • Target Areas: FL, TX, Houston, Dallas, NY, L.A., CA
  • They offer a complimentary portfolio market analysis with no obligation to sell.

PAR and Premium prices are still available for loans that warrant PAR and Premium

(Both Fixed Rates or ARMs such as performing Residential loans SBA 7a loans, FSA’s, HCEM’s and USDA’s)

They accept seasoned loans.

Fixed Rate, Adjustable Rate, Agency and Non-Agency quality loans either servicing released or servicing retained.

Keep eyes open for REO Class A/B industrial warehouses in key markets in the US and Mexico.

Excellent and Poor Credit Assets

If you have an asset to sell, please contact me if you need liquidity and for pricing. Please send data via spreadsheet for easy review, email me if you need a copy of the bid indication format.

Contact Me Today! Let’s Close Some Deals Together!

323-632-3279- Greg@FixandFlippers.com

Looking for Quality Workmanship in a General Contractor? Licensed/Bonded/Insured, no job too small


We are a high-end construction rehab team consisting of an experienced General Contractor of 20+ years, Real Estate Agent with 10 years experience & Marketing Executive with 15 years experience.

We are in the business of locating, privately funding (through trust deed lenders) luxury rehab projects throughout the Los Angeles area. We are well experienced with all phases of rehab and construction including basic kitchen/bathroom remodels, swimming pools, windows, smooth finish stucco, landscaping and complete demo/scrape/ground-up construction.

We are always in the market for off-market fix/flip candidates that we can either add square footage, repurpose, re-zone, sub-divide or improve for a profit. We’ll look at anything that has upside.

If you are looking for a dependable, fair contractor that’s licensed, bonded & insured to manage your project, or manage your contractors & sub-contractors, contact us! We can also provide the initial SOW (Scope of Work) to your lender and be your experienced contractor to help you qualify for ARV loans!

Right now reinforcing & replacing the fittings in your home can be important if you have an older home, since we live in an earthquake State! We can help with this!

We can provide one-on-one mentoring for 1st-time flippers, women are welcome to contact us!

If you’re interested in becoming a gap partner or trust deed investor, let me know, we constantly have opportunities to fund. We can keep your funds moving.

Here are some projects completed and shows our work..

9222 Bartley Ave Santa Fe Springs, CA 90670 

Purchased on 3/21 for $350K,

Sold 9/16 for $500k after investing $50K rehab.

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653 Tularosa Dr. Silver Lake, CA 90026

Purchased 3/15/15 for $625K, Invested $250K rehab

Sold for $1,350,000 on Apr 12, 2017

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4083 Sea View Ave Los Angeles, CA 90065

Purchased  8/24/16 for $1,150,000 With a rehab budget of $300,000. Currently in construction with 60 days remaining.

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Almost Finished- 60 days left

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Shovel Ready Pacific Beach Development Fully Entitled $950K!


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Current Status of the Property –

Lot has been cleared and Ready to go!

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Address: 1270 Emerald St. San Diego 92109 – https://www.redfin.com/CA/San-Diego/1270-Emerald-St-92109/home/5135489

Land Comp: 1220 Emerald St. $900,500 sold 10/19/16 https://www.redfin.com/CA/San-Diego/1220-Emerald-St-92109/home/5135519

Finished Comp: several in the area between 1.7M-1.8M

Cost to Build – $550,000

 Price- $950,000 

The permit needs to be paid for and pulled by April, otherwise it will expire. There are no issues. Seller just want to sell. However, if he doesn’t find a buyer, he will pull the permit and start building it.

They have already paid for everything that was needed to get the coastal permit approved, ie: architectural, structural, soil test, surveying, water drainage study as well as utility relocation, temp pole, and demo. This is a shovel ready project.

Coastal permit has been paid for and issued. Building permit has been fully signed off and approved. We just have to pay the school fees and inspection fees and pull the permit. These fees amount to about $8000.00

At this time seller doesn’t want to J.V. and prefers to sell fast with cash.

I’m Direct to the Seller and this is an off-market sale! Contact me Direct. Greg@FixandFlippers.com | 858-386-0949

 

Sell Your Real Estate-Backed Note Today!


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If you have a privately owned, real estate backed note (non-performing or performing) that you want to SELL, please contact me ASAP!

Working with investors making offers on notes I am direct to, and they are looking for more! Residential, Commercial, single note for $150MM Portfolio, Nationwide, They will make an offer on any note with no obligation or expectation! Family business operating for 25 years..

Both Fixed Rates or ARMs such as performing Residential loans and SBA 7a loans, FSA’s, HCEM’s and USDA’s). They accept seasoned loans.


They still look for Residential and Commercial Sub-Prime loans and various credit quality loans that are performing, non-performing or sub-performing and REO (Real Estate Owned) or Deed in Lieu properties NATIONWIDE.


SFR, Condominiums, Duplexes, Multi Family, Strip Centers, Offices, Warehouses, Churches and more are desired.


They still look for Agency and Non-Agency quality loans either servicing released or servicing retained..


Additionally, they also have an interest in REO Class A/B industrial warehouses in key markets in the US and Mexico…

Contact me if you are selling your note(s)

Greg@FixandFlippers.com / 858-386-0949

Direct to Owner Multi-Family & Development Opportunities in Georgia and Florida


 Georgia Multifamily – 159 units, 97% Occupied with stable 
operations in a growing market and plenty of upside through future rent growth and value-added improvements.  Attractive assumable in-place debt allows for easy/quick transaction. Price $6.15M 

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Florida Multifamily – 328 units, 96% Occupied with stable 
operations in a fast growing market. Active value-add strategy in-place and successfully growing rents with 16% bumps.  Attractive assumable in-place debt allows for easy/quick transaction. $27M 

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Florida Oceanfront Development – A rare full block of Oceanfront land ENTITLED for absolute last chance to build Hotel/Condo project in the entire area. A One-of-a-Kind opportunity.  Seeking visionary developer for JV or outright sale for quite possibly the rarest hotel site in the Southeast.

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Florida Waterfront Development – A rare Intracoastal site with 
APPROVED PUD for Multifamily, Condo, Hotel, Commercial, Retail and Marina. Granted 144′ Height entitlements.  A One-of-a-Kind opportunity.  Seeking visionary developer for JV or outright sale. 
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Southeast Multifamily – 10 property portfolio, 1,400 units, B/C 
class with stable operations in a growing market with lots of upside. Joint Venture opportunity. Price $43.5M ONLY need $17M with terms, Atlanta,Jacksonville, Pensacola Florida areas; 
Properties are located close to each other, easy management. 
Qualified Principals Only Please.
Greg@FixandFlippers.com | 858-386-0949

Offering $5M NPN Portfolio NY for Sale and Looking for Principal Note Sellers


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I’m looking for Principal Purchasers of Non-Performing loans who are interested in:

Non-Performing Notes in NY asking prices are between $95,000-$1.8M

6  – 1st Mortgages

3 – 2nd Mortgages

Note Type: 3 Single Fam Properties, 2 vacant land parcels, the rest are Multi-Family 2-4 units

8 Non-Performing notes, 1 Performing, 1 Fee Simple

I’m 100% direct to the seller

Sellers of Notes: I’m putting together a small list of real sellers and buyers, if you want to market your off-market product to exclusive Principals like yourself, contact me directly.

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Contact me Directly – 858.386.0949  Greg@FixandFlippers.com