Heath Doyle, President and his Partner Jennifer Kullgren, managing Partner have a SLICK operation. Found on the another useless Investor Network they were sent a numbber of deals..
COPIED from their website
Commercial Real Estate (Private & Hard Money)
Bridge Loans
Land Loans
Project Development Financing
Equity Participation
Equipment Financing
Solar Energy
"Green" Projects
Mining Projects
Asset Based Loans (Accounts Receivables, Machinery, Inventory and Purchase Orders)
Private (hard money) Lender:
- Are there upfront fees? Estimated Pre-Closing 3rd Party Borrower Expenses: (To include underwriting, construction review, legal and Valuations.
- Are there doc prep fees? - Covered in the fee above
- Are there due diligence fees? – No, covered in fee above
- How much skin in the game is required? – This depends on which investor funds the deal. They may require the client to have equity in the deal, have 2% to 20% down payment at closing, or have reliable cash available to show the ability to make payments.
Programs:
- TRTY (lending territory): Nationwide, International
- AMNT (amount): Up to $850M
- LTV or ARV: 65% to 90% LTV (Same for ARV).
- INT: Starting as low as 3.25%
- PTS: 2-6 points depending on project
- TRM (term): 6 months to 7 years depending on the loan
- PPP (pre-payment penalty? – fixed rate period): dependent on the loan type
- CRDT (credit score if necessary): We have loan programs for bruised credit, but majority of clients have anywhere from a 540 to an 800+
- Property Types: Commercial and Residential (all types in between those categories; i.e.: mixed use)
- Properties Financed: We finance all property types
- Ownership Seasoning: N/A
- Borrowers: All
- Closing Time: Anywhere from 10 to 60 days but we have done them as quickly as 48 hours for past clients
- Preliminary Documents: The document can be downloadable
Wanted a Fee BUT never proved to be nothing but SCAMMERS