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

New Private Loan Options for Investors and Flippers!


What an amazing year for private funding, hard money, commercial funding, equity funding, business funding, unsecured funding; all kinds of capital for many purposes.

Lenders are stepping up to make loans in ravaged areas in Florida  & Texas, as well as nationwide in major urban areas.

Fix and Flippers works with key lending partners to provide the best loan terms and flexible structures so investors have multiple options for leveraging their hard-earned capital.

The climate of private lending has changed because competition has greatly increased, also the influx of 1st-time flippers hungry to get a piece of the pie has produced a perfect storm: lots of inexperienced & unqualified applicants to pre-screen and underwrite – it’s a very expensive operation if you have your underwriters, processors, and assistants burning through hours of documents if they don’t lead to real closes with ROI for the investors involved & for the brokers who bring the business.

This has resulted in more restrictive requirements for approval such as Fico score minimums – from my experience, they question why a successful businessperson who is worthy of a risk of $100k-$1M wouldn’t be able to pay even $1000 to repair and clean up their credit? Also, please don’t mention 2008 or the past economic events – they don’t want to hear that! It’s 2017.. Bottom line – without 650+ fico scores expect high-interest rates (9-12%) and lower LTV’s due to you being a credit risk (80%-85% LTV max)

What mitigates your credit score IF you have a great explanation? (like a recent credit event within the past 2 months caused your score to swan-dive)

Having lots of experience (recent experience) again, don’t mention 2008 or prior…and most lenders may look the other way and consider you a better risk.

What if you don’t have recent experience and your score is not 650+? Then I’d be prepared to bring 15% down-payment, and it doesn’t necessarily need to be seasoned or sourced, but it has to be documented..so have a statement to prove you have it.

Also, I have a great contact that I use for credit repair and authorized user trade lines (I know the account holders) – just ask me for those referrals!

What if you have no experience, and have no down-payment, but have good credit 680+ fico?  I’d suggest you apply for my unsecured-credit program to raise up to $250,000 unsecured credit lines/cards in 1-2 weeks to create a 100% financing scenario!

If you are a great candidate – have completed multiple flips and/or rental purchase/acquisitions within the past 24 months, 650+ fico, and 3-6 months of interest reserves in your bank account, I can roll out the red carpet for you in most cases: 90% LTC or 90% purchase, 100% of rehab, luxury spec builds/construction to $2M-$50M, commercial refinances with cash-out or purchase 75%-80%, even small loans from $50k.

Niche Loans: Gap Loans – These are 2nd TD loans that we make behind our 1st TD’s, never others. We will gap great candidates with lots of deal flow that have experience, capital, average to good credit and the deal must be in an urban area and pencil at or under 65% of ARV (after-repaired-value) Lots of our lenders make loans nationwide.

Commercial  Financing- 3yr/8yr/ fixed, special pricing this month! Hotel, Apartment, Industrial, Self Storage, Solar Projects, Multi-Family, Office, Warehouse, NNN properties, Shopping Center, Assisted Living, Residential portfolios, Construction Loans, Mobile home Parks, Resort properties. Bridge loans, SBA

We can make QUICK (3-5 day loans) against Free/Clear properties up to 50% LTV, max loan is $50k, the minimum is $5,000!

With my 16th year in real estate, I’d consider myself a massive resource center, and its hard to turn those contacts into a commodity,  I hope points & rates won’t keep the best candidates from reaching out! Most of the time, I only give the best deals to people whom I have done business with (broke bread) once we feed each other, I know we have a mutually beneficial relationship.

Let’s finish the year strong and build some alliances! 

Greg@FixandFlippers.com – 323-632-3279

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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100% JV Financing – SFR Flips, Specs, Ground Up Construction!


 

Must be in a hot market.

Florida, Texas, Ohio, Illinois, California, or New York other markets considered but again must be HOT!!

We are aggressive: Commercial Multi-Family only, or 1-4 Unit Fix and Flip.

I will only work with well qualified investors that have experience. You must cover the closing costs, have a 660 FICO, and 6 Months reserves, plus verified experience.

Ground Up – OK, Fix and Flip OK, Repositioning OK. Major Rehab OK.

$1,000,000 and up only.

$10,000,000 Max on the first deal.

Want to Increase Your Credit Score? Add Tradelines for 30-50 point Increase!


Increase Your Credit Score!

Authorized User Tradelines

$999 per tradeline or $899 per tradeline for 3+ tradelines

FREE CREDIT ANALYSIS!

We’ll help you determine if you need tradelines, and which ones would raise your credit scores!

  • These are Revolving Lines
  • Tradelines between $5,000 – $40,000
  • Increase Your Credit Scores 30-50 pts in 60-90 days
  • Lines Stay Reporting for 45 to 180 days, we see 90 days of reporting on average
  • Most clients get 2-4 tradelines, most mortgages are looking for 3+ tradelines for pre-approval
  • We prefer our clients to be goal oriented, the service provides short-term credit score enhancement.
  • You will ideally be seeking credit within 45 days of the lines hitting their file
  • We will only add lines to Social Security Numbers, no CPN’s,or any other alternative identification number

We need:

  • Colored copy of your SS Card, front & back
  • Colored copy of your State issued ID or DL, front & back
  • Recent copy of your 3 Bureau Credit Report (You can pull one @ CreditCheckTotal.com)

Lines will appear on your file within 45 days

GET STARTED TODAY!

Greg@FixandFlippers.com

858-386-0949

Fico Based Unsecured Funding – Up to $200,000 in 10 days! No upfront fees! No Risk


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FUNDING HIGHLIGHTS:
  • Up to $200,000 in Revolving Lines of Credit with only a one-time success fee
  • Fund in 7-10 Business Days
  • No Income Documentation required
  • No Verification of Employment
  • 100% Unsecured
  • No home or assets required
  • We have “Equifax Only” funding Option (Often the (3) credit scores can differ greatly, if the Equifax score is higher, then the emphasis is placed on that one.
  • No business plan necessary
 
QUALIFICATIONS FOR FUNDING:
  • 680 or below in some cases
  • Revolving balances below 60% of credit limit
  • At least 4 “open” & “seasoned” primary tradelines
  • No more than 4 inquiries per bureau last 90 days
  • Prior BK must be over 5 years
 
OUR FEES:
  • NO Upfront Fees
  • Back end success fee AFTER FUNDING 15%
  • Direct Funding Platform
An example of fee schedule: would be $200,000 x 15% = $30,000 out of the backend funding
To achieve desired amount it can be one loan or multiple loans. But more likely multiple banks. Perfect for creating capital for Earnest Money Deposits (EMD) or used as GAP Funding for Hard Money loans! 
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Credit Monitoring Login Info Required: If you do not currently have a credit monitoring service you must sign up with CreditCheckTotal.com or IdentityIQ for $17.95 in order to submit for pre-qualification evaluation.

This is the only info needed:

  • First & Last Name:
  • Email Address
  • What is your current credit monitoring service?
  • Credit Monitoring Login Username (may be given over phone):
  • Credit Monitoring Login Password (may be given over phone)
  • Last four digits of SS#
  • (may be given over phone)
  • Equifax Credit Score
  • Transunion Credit Score
  • Experian Credit Score
  • TOTAL LOAN AMOUNT DESIRED:
  • Primary Phone Number
  • Military Affiliation
  • Are you currently working with other funding sources at this time??

Contact Me Direct: Greg@FixandFlippers.com or Inquire Below!

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!

1270_emerald_st

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