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)
Project Development Financing
Equity Participation
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