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!
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.
We currently have this tied up and ready to wholesale to an end buyer.
The buyer would need to replace our $15,000 EMD ASAP. They need to close by end of month.
We’ve walked this property and I can introduce the buyer to the President of the Laurel Canyon Association – this will help the overall process. He is also a land-use attorney specializing in permitting.
The property has some issues and has been condemned by the City. The buyer would have to assume this responsibility.
8351 Kirkwood Dr. Los Angeles CA 90046
Tear down- Single Family Residence
Sunset Strip – Hollywood Hills West
2/1 – 1358 Sq Ft
Redevelop as 3/3
Will need complete rehab and retaining wall, and create an access point such as a driveway…
Review the numbers, it’s vacant, I’ll give you the lockbox, and go direct.
Current Status of the Property –
Lot has been cleared and Ready to go!
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
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
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
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
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
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.
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.
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
Off-Market Portfolio 15 Homes for $3M
3-4 bedrooms, garages, Property values between – $162K-$225K
Rents between $1050-$1600
The Seller has agreed to CARRY $500k, The buyer must bring $300k to close with a lender that has agreed to make the loan for 75% LTV @ 4.75%.
Greg@fixandflippers.com – 858-386-0949
Projects that involve Acquisition + Rehab (or tear-down) can be financed using many different private-loan structures. Qualifications are heavily based on experience of principals, their personal financial statement(s) and location/marketability of the subject property in mind.
With 10-20% of total project cost, we can get your project financed, this could be in the form of: Seller-carry (2nd position), Cross-Collateral in real property with equity, or Cash.
Private Lenders will fund deals in select markets, on a case-by-case basis. Residential, Owner-Occupied and Non-Owner Occupied, Commercial, Purchase Refinance, Rate/Term & Cashout.
Email or Call me or Reply Below
Greg Wilson – Greg@FixandFlippers.com – 858-386-0949
Nationwide Direct Lending
Working with a new lender who has funds to invest.
- Loan Amounts: $100,000-$1.25M
- 1st Mortgage Only
- 12 months with option to Extend
- 4 pts.
- Loan-to-Value – Up to 75% of After-Repair Value
- Short term interest only loans to experienced speculators, investors and home builders
- Acquisition and rehab funds for 1-4 family residential properties for the purpose of rehab and resale.
- Direct, Private Lender
- They make loans in every state, underwrite and fund in-house
- Primary factors for loan qualification are the value of the subject property and the borrower’s prior history with fix and flips.
- They run a credit report, but no minimum fico requirement, they do not require tax returns or tax verifications
- Seasoned Investors preferred
- Up to 90% Acquisition Funds & 100% Rehab Funds
- No W2’s or Pre-Payment Penalties
- 65% Cash-out Refinance
Contact me today to get started.