hard money: Hard/Private Money in New England
- 05/09/11 06:37 AM
23 Ventures is a private lending Specialist located in MA. We provide fast, flexible financing to builders, developers, and real estate investors throughout New England. Our borrowers are primarily those in need of closing quickly, and/or those having difficulty obtaining traditional bank financing. Our type of financing is essential to the construction and real estate investment industry. Serving MA, RI, NH, Eastern CT and Southern ME Over 10 years of Professional Service -Loans from $100,000 and Up -Interest Only -Close in 7 - 10 business days -Rehab Loans -Single Family Construction -Multifamily Construction -Subdivisions -Townhouse developments -Condo Conversions -Bridge Loans -DIP … (2 comments)
hard money: Opportunistic transaction Lending-Less than 2 Week Hard Money
- 03/10/11 02:08 AM
23 Ventures is a locally owned private hard money Specialist (along with our other commercial products). We specialize in opportunistic transactions arranging equity based investment property loans that cannot be handled by traditional Lenders due to time constraints, deal complexity, special circumstances and the transitional nature of the property or the limits of the current lending environment. We have programs just for Massachusetts and nationwide.
Upto 65% Loan to Cost On construction Projects NO PREPAYMENT PENALTY NO EXIT FEES CASH OUT REFINANCES AND PURCHASES REHABS OKAY BRIDGE LOANS FOR PROPERTIES ON SALE SFR, MULTI UNITS AND COMMERCIAL REAL ESTATE N0 FICO SCORING … (2 comments)
Do's Complete and accurate year to date Income and operating Statement Clear Executive summary-(go here for tips on how to write one) Updated Rent roll Complete Personal Financial Statement 3 years tax returns Don'ts Try to pass of an old Financial Statement Lie about you Credit Don't try to hide any negatives, it all comes out in the wash. Play games with the down payment or Partners These are just some of the things, … (1 comments)
hard money: Commercial Due Diligence Fees
- 07/28/09 12:51 PM
The practice of due diligence fees in the commercial lending has caused many problems in today’s landscape. Many Brokers/lenders will tell you that need to collect up front so make sure they get paid, others want to collect to make sure the client doesn’t go some where else. In my opinion if you are taken a client’s money, you better be able to perform. There is no reason for you to collect any money before an LOI has been presented, and it should only before the hard cost that the lender will incur such has an Appraisal, environmental studies, or … (2 comments)
hard money: Hard Money Tip
- 06/16/09 02:16 PM
With all of the deals that I have seen recently. I can tell people are starting to get desperate. They are starting to to take short cuts, instead of doing things the right way. We need to have good executive summaries. They need to have some thought put into them. Here is a look at how to write an executive summary. I am also starting to see very hold financial statements. If you are going to submit a loan to be underwriting please don't try to pass off a year old financial statement. All it does is cause the process to … (1 comments)
hard money: Hard Money Commercial!!!
- 06/12/09 01:17 AM
We are starting to close a lot of these loans but I still see a lot of people trying to do loans that make no sense. You need to understand these deals. Hard money does not mean stupid money. THEY ARE NOT FOR LOW CREDIT SCORE PEOPLE. That is one MAJOR difference between commercial hard money and residential hard money. Remember, 50% of all deals in commercial are not fundable.
The private hard money lenders, the guys who really have the bucks to lend $5 Million and close in 2 weeks, are not dumb individuals. Their goal is NOT … (0 comments)
hard money: Talking about Hard Money loans
- 05/19/09 05:21 AM
Yes, we have sources for hard money loans. And the need right now in the marketplace is huge. These loans are not for bad borrowers; they are for people who need money quick. Maybe it is a purchase contract that needs to close in 3 weeks, or a tight situation that just needs a short term bridge...these loans are great sources of quick revenue for you. There are two basic types of commercial hard money loans: Cash flowing properties: Apartment complexes, retail strip centers, etc. These are properties that kick off enough cash to support the debt at almost 1 to … (2 comments)
hard money: Commercial Loan in 7-10 days-not hard money
- 04/21/09 07:27 AM
That’s right; there are a few products that allow you to receive quick money in commercial. One of the hottest is a securities loan. These loans allow someone to get money at incredible rates with no verification of income, credit, etc. There are no strings on the money you can use it for anything. All you need is a substantial amount of assets in stocks, bonds or treasuries.
And it is easy! Give us one simple statement showing the asset, like a quarterly report, and send it in. Within 2 days, we will have a contract. Once the you as … (1 comments)
hard money: Commercial Lending-DEVELOPMENT MONEY –WE GOT IT!!!
- 01/22/09 05:02 AM
· · $ 10 Million to UNLIMITED! · International as well · Terms and structure will vary by deal · Tier 1 & Tier 2 Developers Only · All properties and projects considered, but the deal MUST be strong. · No daisy chains accepted · Must have access to the principals
Please keep in mind that there are more deals needing money than money to lend so only the better deals get funded. To find out if we can help you, just call us. It costs nothing to see if we can help you! … (0 comments)
hard money: Commercial Lending-HARD MONEY – WE GOT IT!!!
- 01/19/09 12:53 AM
® $ 2Million to $ 25 Million or more ® 1 to 3 Year Terms ® Good exit strategies are critical ® QUICK CLOSINGs ® LOW OR NO DUE DILIGENCE FEES! ® No daisy chains accepted This is the real money. Please keep in mind that there are more deals needing money than money to lend so only the better deals get funded. To find out if we can help you, just call me at: 508-377-5872x 704. It costs nothing to see if we can help you! ____________________________________________________________________________ We have Money to lend!!! We are in all 50 States and … (0 comments)
hard money: Chris Hills Joins Commercial Lending Power In-Vision Finanacial Group
- 10/28/08 02:41 AM
In-Vision Financial Group would Like to announce that Chris Hills has joined the company, In-Vision is a direct Lender/Broker to over 89 commercial lenders thought the United States. We can lend to your Business owners whose bank has turned them down. Chris has been Managing Partner of Global Home Mortgage, were in wqas heavely involved in teaching his clinets how to buy investment properties. Here are some of the Programs we can do. Commercial Loan Services: * Acquisition, Construction & Refinance Programs * Debt & Equity Financing * Short Term Bridge & Mezzanine Financing * Project Rescue & Turnaround Financing Commercial Loan Projects: … (0 comments)
23 Ventures is a private lending Specialist located in MA. We provide fast, flexible financing to builders, developers, and real estate investors throughout New England. Our borrowers are primarily those in need of closing quickly, and/or those having difficulty obtaining traditional bank financing. Our type of financing is essential to the construction and real estate investment industry.
;)
;)
;)
