BiggerPockets

Hello Everyone,

Our client is a large insurance fund who has recently acquired a hard money portfolio, and has allocated more funds for hard money situations nationwide (especially on the West Coast, Midwest, and East Coast our home town: Manhattan, New York). They are actively seeking to fund distressed properties nationwide. Absolutely no upfront fees.

Rates & Terms: Upto 60% LTV,
65% and up on a case-by-case basis. Short term 1-5 years- (more on a case-by-case).

We are aggressively seeking deals on there behalf for the following property types:

-Raw Land (with or without development plans)

-Stabilized Income producing property (residential, commercial, mixed-use)

-Pre-Foreclosure Assets secured by real estate-any commercial real estate- we like health care related deals (in addition to the usual string of asset classes); nursing homes, assisted living facilities, hospitals, pharmaceutical, durable medical equipment suppliers, individual practices, any health care or medically related business secured by real estate. It can also be pre-foreclosure, chapter 11, or distressed assets.

-Distressed Un-finished New Development Projects- multi-family, commercial, and mixed-use are a plus. In some cases if LTC is over 50% our investors can get creative if the deal is strong.

Our investors are strongly considering any note that is being offered at max of 50-60% of face value. If you have any questions, concerns, about this program or other financing scenarios and want free consultation, feel free to email me. Also feel free to browse through our site to find out about other non-traditional financing nationwide.

No one gets better deals and proeprties than I do. Atlanta is THE place. See [LINK REMOVED]

Jonah-

They will look at properties to acquire that are below 70% discount to appraised value (also notes). Our investors have a special appetite for healthcare related properties- any medical facilities- assisted living, independent care facilities, nursing homes, elderly care facilities, durable medical related facilities, and any medical or healthcare related business secured by real estate.

If the healthcare business is not secured by real estate, our investors are willing to lend against the cash-flow of the business (also applies to non-medical business as well).

This is very similar to a unsecured business line of credit. Our investors can look at an established business (preferably in business with an established cash flow for 1 year and more). Borrower FICO is very important. Our investors can lend anywhere from 1-4 times the cash-flow in a business.

To lend, our investors are comfortable to lend on a hard money platform- anywhere below 50% LTV on land with development plans, raw land in non-rural areas (rural areas on a case-by-case). For deals above 50%LTV it is on a case-by-case.

Typically points will range anywhere from 3-8 (I have seen 8+ points if the risk is more, obviously) points to the lender, interest rate can be anywhere from 8.25%-14% (again depending on how strong the deal is, our investors will be more competitive on rates and terms).

Absolutely no upfront fees to look at the deal, or issue an LOI- if the deal does not make sense to our investors we will tell you right away, and not waste your time. However, if the deal is very lucrative, we all can act very quickly.

PS- Despite Jim's solicitation, we actually like deals in GA, with a heavy emphasis in Atlanta. We have an opportunistic view when looking at properties- the established cities that have been hit hard have the most upside. We like west coast properties- CA, NV, OR (not limited to these), as well as midwest- TX, Colorado, etc, and obviously the any deal in the Metro New York area as our investors and us are located here in Manhattan, NY.

Feel free to browse our site to broaden your horizons in terms of financing programs directly offered from our investors- hard money lending, distressed note & property financing,

John-

The answer to your question is- Both. Our investors will only look at deals that are being offered (or willing to make a deal) at below 30% of current appraised value (minimum deal size 1M).

Our investors can look at stabilized properties (non-stabilized- on a case-by-case) nationwide in non-rural areas only. For the metro New York area, we will look at raw land with or without development plans, and all stabilized and non-stabilized properties.

As for the lending side of the spectrum, they are actively looking to lend on a hard money basis- I like to call it opportunistic capital (hard money seems to have a negative connotation). We can be very competitive for deals that make sense (good LTV below 50%- above 50% on a case-by-case)

I get deals all the time at 20-25% of ARV.

Jim-

Our investors are looking at 30% of as-is value, or based on current appraisal.

John-

what do you mean exactly by "30% if loan value"