Funding needed for single family flip 1st position

WantFinancingPrivate Money
Classifieds
8yFollow

Funding needed for single family flip 1st position

Joseph Dimaria
Contractor · Woodridge, IL · Member since 2014 · 176 posts · 10 votes

I have a deal that has a balloon mortgage coming up soon. Please let me know if you or anyone you know would be interested in funding a refinance. I am half way done with the rehab and can finish fairly quickly. Details are below. 

Address: 5613 S Meade, Chicago IL 60638 (good area near Midway Airport)

Seeking 190k (lender will receive 1st lien position)

Estimated time to complete rehab: 7 weeks

Estimated resale price: $310,000 - $320,000

Work completed: rough plumbing, rough electric, HVAC, framing, drywall/mud/taping, primed

I am interested in paying 12% annually for 6 months. Please let me know if you are interested in chatting.

Thanks. 

0Reply
8 views

7 Replies

Jump to latestLatest
  • Alex BekezaBusiness Member
    Lender · Los Angeles, CA · Member since 2018 · 2k+ posts · 1k+ votes
    8y

    Strangely enough we just refinanced a client in Florida to avoid a balloon payment who was also named Dimaria! haha Had to share that, but I'm going to direct message you some options.  

    [email protected]818-606-8823
    Investor Property Loan5306 Reviews
    WebsiteView Page
    0Reply
  • Joseph Dimaria
    OP
    Contractor · Woodridge, IL · Member since 2014 · 176 posts · 10 votes
    8y

    Alex, that is too funny. I will give you a call shortly. 

    0Reply
  • Jim Lally
    Investor · Middletown, RI · Member since 2008 · 174 posts · 27 votes
    8y

    Hi @Joseph Dimaria We lend in Florida and can help you refinance.  I will PM you.

    0Reply
  • Account Closed
    San Diego, CA · Member since 2018 · 52 posts · 4 votes
    8y

    Hi Joseph,

    We would love to look at this for you at Wilshire Quinn. If you have time to chat give us a call, or you can email us at [email protected]

    0Reply
  • Bob Green
    Lender · Mokena, IL · Member since 2014 · 1k+ posts · 261 votes
    8y

    Joe,

    Ill send you a PM.

    0Reply
  • J Eric Lybarger
    Northern Virginia · Member since 2018 · 10 posts · 2 votes
    8y

    I can send you a questionnaire about the property/loan and then get some pre-approval options to you.

    11 Capital Finance is a nationwide commercial mortgage company that works with hundreds of lenders in the United States.

    On the Permanent Side we do:
    1. Bank Loans (conventional and SBA loans 1M+),
    2. Bank Alternate Stated loans (these lenders are not banks and borrowers do not need to submit tax returns to qualify for these types of loans).

    On the Temporary Side we do:
    3. Renovation loans (for 1-4 unit investment properties and some standard commercial properties),
    4. Bridge Loans (for 1-4 unit investment properties and commercial properties) and
    5. Ground Up Construction loans (for 1-4 unit investment properties).

    The principals of 11 Capital Finance have been in the commercial lending business for over 20 years and know how to properly advise a borrower on any type of commercial real estate transaction. We have worked with thousands of borrowers, and continue to, due to our superior customer service and knowledge of this business. We stay with our borrowers through out every step of the commercial lending process to ensure the loan closes properly and in a timely fashion. 11 Capital Finance personally handles all title insurance issues, property insurance issues and does all of the coordinating with every party involved in the transaction for our clients. I have attached our product sheet, which is a summary of the lending programs we offer. New lenders and programs are added weekly. 

    0Reply
Join the conversationCreate a free account to reply, vote on answers and follow this thread.
Log InJoin for Free