Lenders wanted

OH, Single-Family, Construction, $250K, FICO, 95% LTV
Posted on 12/28/2013 2:37:58 PM

I have a Client who owns homes in the Columbus Market. He wants a line of credit to Purchase Distressed Properties at 60% After Repair Value. Will have a contracting crew fix them and then sell them later as Turn-key Properties. If you have someone who can do this give me a call. If this sound like something you as a lender can do. Call me (614) 625-7105.

Best Regards,

Brandy Lipsey
A Plus Investments
(614) 625-7105

REPLIES
  • by Steve Felt on 1/27/2014 12:04:58 PM

    Jeff, What is your contact information? Or call me at 720-446-5626

  • by Jeff Kobold on 1/22/2014 8:44:55 AM

    Brandy,

    I have a fix / flip product for rehabbers. We get them qualified for a line of credit once. Once they have a property under agreement we can typically close in 7-10 days. We finance 80% of the purchase and 80% of the construction. Credit lines can be as high as $4M with upto $1M per project.

  • by Ferguson Funding Inc. on 1/3/2014 9:50:08 AM

    Is your client seeking a home equity line on his primary residence? Need some more details surrounding the request.

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