Hi Branny,
My family runs a hedge fund that specializes in alternative lending.
Specifically private lending back by deeds of trust.
It sounds like you're looking to borrow the 100k. Your terms would have to be altered.
We typically do Maximum LTV of about 65% give or take and the interest rate would be higher by a few percent.
But this is something we would definately look at.
Feel Free to Reply here or PM me
Hopefully we can make this a WIN WIN for both of us.
Topic: Requesting a Loan, backed by physical real estate - 6% @ 70% LTV $100k (Read 867 times)
January 04, 2014, 02:38:58 PM
December 30, 2013, 12:26:35 PM
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December 19, 2013, 04:46:54 PM
Quote
Loans to be secured by our physical, income producing real estate holdings. Maximum LTV of 70% as determined by independent 3rd party appraisal.
So, the lender will attach a lien to these properties for the amount + interest for this loan? If so, I assume all fees that accompany this transaction will be the responsibility of the borrower?
It would be whatever we would determine in the contract, however the 'normal' procedure is to attach acceleration clauses and interest clauses.
Fees can be negotiated between buyer/seller, my hope is that the total fees wouldn't exceed more than 1% of the transaction.
December 19, 2013, 01:10:10 AM
Quote
Loans to be secured by our physical, income producing real estate holdings. Maximum LTV of 70% as determined by independent 3rd party appraisal.
So, the lender will attach a lien to these properties for the amount + interest for this loan? If so, I assume all fees that accompany this transaction will be the responsibility of the borrower?
December 18, 2013, 12:04:00 AM
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