Investor · Austin, TX · Member since 2023 · 15 posts · 7 votes
I've teamed up with a seasoned fix & flip team in Austin, TX and we're continuously looking for PMLs to scale. If you or someone you know would like to be a passive investor, please reach out. The team has done 30+ flips in the Austin and San Antonio area. We're currently raising 100k for a 12% FLAT return in roughly 6 months (that's a 24% annualized return if all is on schedule as with previous flips). I'm happy to provide a deck with past flip examples, send you all property details and comps, and of course, answer any questions you have. We have an HML in 1st lien position and are looking for gap funding from a PML in 2nd position. Everything goes through attorney-reviewed paperwork at the title company, accompanied by a Promissory Note. Close of escrow is April 4th. I'm happy to jump on a call and go over the details.
If this amount/ time frame isn't a good fit for you but you'd still like to be considered for future opportunities, please DM me. Thank you!
Investor · CA · Member since 2023 · 2 posts · 1 vote
2y
Hi Sylvia. We can help for your next PML need to scale your business. We have access to huge private money capital and looking to partner up with borrowers/investors who are doing 2-5 deals per month. We help some Ohio, TX & FL investors with their Section 8 and fix n flip PML funding.
Lender · Charlotte, NC · Member since 2019 · 59 posts · 60 votes
2y
Hey Sylvia, congrats on all the success your team has had. I really hope you are able to find what you are looking for and please let me know if you do! I could also utilize that type of resource. One of the things that we actually help with at JK Creative Systems is gap funding. However, our investors are usually paying (and happy to do so) 30% flat with a 4 - 6 month term. The lending partner usually takes a 10% "fee" at COE and the remaining 20% is paid upon exit. The deal is secured with a JV agreement and memorandum. The reason why this money is always so much more expensive is that this type of deal inherently comes with a lot more risk.
Investor · Austin, TX · Member since 2023 · 15 posts · 7 votes
2y
We mitigate risk by underwriting conservatively and offering more than a JV agreement. The lender is protected and secured by the property and we're happy to put up collateral against a different property. We'd rather borrow less and pay up in full at the end of the deal. Happy investing!
Investor · CA · Member since 2023 · 2 posts · 1 vote
2y
Hi Sylvia. We can help for your next PML need to scale your business. We have access to huge private money capital and looking to partner up with borrowers/investors who are doing 2-5 deals per month. We help some Ohio, TX & FL investors with their Section 8 and fix n flip PML funding.