HARD MONEY IN TEXAS - Posted by patrick

Posted by Harith on August 05, 2003 at 15:20:50:

Hey, I’ve found some, can’t run them off right now, but if you email me, I’ll try and help. I believe they will give a 65% LTV. Maybe 70%.

HARD MONEY IN TEXAS - Posted by patrick

Posted by patrick on July 29, 2003 at 16:25:16:

I am seeking a hard money lender in texas highest LTV so far is 60% with us paying bank fee’s and closing cost
my fico is just under 500 my partners is 650+
the property is a multi unit property valued at 700,000 wanting to offer 560,000
490,000 from hard money and the seller to take a 70,000 deferred payment due in 3 yrs and payments on the 70,000 deferred payment @12% interest only
payments of 700 per month for 36 months or until the 70,000 is paid which ever comes 1st
have checked the numbers out at this plan with a 6.25 interest rate the property would still have a cash flow of
19,000 annually.
if this is a doable deal and you want more details on the property please email me at pspierd@earthlink.net
Thank you for your valuable time.


Posted by RRE on August 20, 2003 at 07:57:50:

Can you send me the list of lenders, too?

Thanks !!