Needed Fractured Condos

We have fund that has a simple request…..”WE WANT FRACTURED CONDOS”.  Now I’m sure the next question you have is, what is a fractured condo?  In this particular case, the fund defines a fractured condo as a condominium development projects that was completed, units were selling….then the market disappeared.  Options are limited for the original developer or a bank stuck in this unfortunate position.

Currently the fund is looking for nationwide buying opportunities.  I can give a recent example.  In the southeast, a 200-unit high-rise condo project was completed.  50% of the units were sold and closed.  The market shifted, loan options to end buyers shifted, and the builder was left with 100 unsold condos.  In this particular case, the bank who has first lien position at $40 million was also under pressure from the FDIC to liquidate part of it’s portfolio.

The fund offered to buy out the developers position.  Yes the developer lost the original cash invested, however they walked away from $40 million of debt and a lot of headaches.  The fund then negotiated a discount with the bank to acquire the property for approximately $20 million.

We have Money to lend!!!

www.in-visionloans.com

866-926-0576 x704

 

REO Program Highlights

In-Vision Financial Holdings is pleased to announce an REO lending program provided by one of our private direct investors.  The program in essence functions like a blanket loan across an REO portfolio.  The basic parameters are as follows:

  • Residential:  Single Family or Condominium.
  • Small to Midsize REO Portfolios.
  • Target 60% of Note.  For Example: If an client is purchasing an REO portfolio for $10 million, the client needs to invest $4 million, and our investor will provide a loan for the balance of $6 million.
  • The target loan size per residential property in the portfolio should be $150-250 thousand.  This will ensure rent rates can support each individual property.
  • Target loan size per portfolio is $5-8 million.
  • Purchase or Refinance.

 

If you have questions please feel free to call

We have Money to lend!!!

www.in-visionloans.com

866-926-0576 x704

 

Strong Rebound Seen for US Home Sales - Real Estate * US * News * Story - CNBC.com.

This is great news for the home buying industry.  However, I am going to issue a word of caution.  Many of these homes that are selling are of short sale and foreclosure type.  What is going to happen when this ends.  The values of regular home are still down.  The average home that was bought in the last three years is pretty much under water or close to it.

I have many clients who bought 15-20% down and now they are basically valued at what they are owing the mortgage company.  These people could not possibly sell their homes.  Never mind the people that put 0-15% down, after paying the costs selling they would way to far under water.

Basically what I am saying is lets not get to exited about what is going on yet, it is moving in the right direction.  I talk to some realtors and mortgage bankers and they think this is going to last for ever.  Look what happened the last time we thought that way.


We have Money to lend!!!

www.in-visionloans.com

866-926-0576 x704

 

>We pleased to announce the High End Residential program provided by one of our private direct investors.  This program offers purchase, construction and refinance options for super jumbo residential.  The basic parameters are as follows:

  • Loan Amounts from  $2-40 million permanent loans.
  • Loan Amounts up  to $10 million for SFR Construction.
  • Single Family only.
  • Permanent Loans  in the 5.5% plus range to 70% LTV. (Submit for an exact rate quote)
  • Purchase or Refinance  ok.
  • Loan Approval based  on strength of borrower and liquidity.
  • Full Doc Income.
  • Not Fico Driven  (credit issues with logical explanation is ok)
  • Construction Loans  up to 65% LTV.
  • Construction Loans  12-24 month term, interest only, no PPP.
  • Rates very Competitive



 

We have Money to lend!!!

www.in-visionloans.com

866-926-0576 x704

 

 Judge reaffirms crucial foreclosure sale ruling - Daily Business Update - The Boston Globe.

it is about time someone stopped these out of control lenders.  they have no idea who actually owns their property.

Take my house for instance, the records show that one lender owns, i know for a fact that lender is out of business, and i am now paying a different lender, but the land court still has the lender that i originally bought the house with.

We have Money to lend!!!

www.in-visionloans.com

866-926-0576 x704

 

Lunacy in Las Vegas Housing - Realty Check with Diana Olick 

 

This is an absolutely amzing story, the best part is the Realtor at the end.  My god what have we come to when people can just can walk away. 

We have Money to lend!!!

www.in-visionloans.com

866-926-0576 x704

 

Credit Tightens for Small Businesses – Companies * US * News * Story – CNBC.com.

This is what is going to slow the recovery.  Banks need to lend for small business to grow.  Companies need money to hire and develop new product. And until they do it will be very slow increase in job creation.

 

For more stories like this check out our new blog at www.commloanexperts.com

And for info on how to get your next project funded please check out  www.in-visionloans.com

We have Money to lend!!!

www.in-visionloans.com

866-926-0576 x704

 

Full-Year TARP Results: Banks Hoard More Cash, Make Fewer Loans - FOXBusiness.com.

This is why banks are going to lose their clients to private investment firms like the ones that we are using to fund commercial transactions.  Clients know when they are getting the cold shoulder and when they have good deals.  So we used tax dollars for what to help make the banks money.

If you want to get your project funded give us a call.

www.in-visionloans.com

We have Money to lend!!!

www.in-visionloans.com

866-926-0576 x704

 

We have Money to lend!!!

www.in-visionloans.com

866-926-0576 x704

 

We pleased to announce the High End Residential program provided by one of our private direct investors.  This program offers purchase, construction and refinance options for super jumbo residential.  The basic parameters are as follows:

  • Loan Amounts from  $2-40 million permanent loans.
  • Loan Amounts up  to $10 million for SFR Construction.
  • Single Family only.
  • Permanent Loans  in the 5.5% plus range to 70% LTV. (Submit for an exact rate quote)
  • Purchase or Refinance  ok.
  • Loan Approval based  on strength of borrower and liquidity.
  • Full Doc Income.
  • Not Fico Driven  (credit issues with logical explanation is ok)
  • Construction Loans  up to 65% LTV.
  • Construction Loans  12-24 month term, interest only, no PPP.

 

We have Money to lend!!!

www.in-visionloans.com

866-926-0576 x704

 
 
Rainmaker_large

Christopher Hills, Managing Dir. Commercial Lending

Hopkinton, MA

More about me…

In-Vision Financial Holdings, LLC

Address: 409 Fortune Blvd Suite 103, Milford, MA, 01757

Office Phone: (508) 488-9186

Email Me



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