Immediate $200K First-Position Payoff Acquisition – New Orleans, LA

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Immediate $200K First-Position Payoff Acquisition – New Orleans, LA

Torey Jones
Member since 2021 · 5 posts · 3 votes

Looking for true bridge/private capital operators that can move immediately.

Need:
$200,000 short-term first-position payoff acquisition.

Property: can share information - 

Current payoff:
~$185k

Approved refinance already in place:
$278,000

Title already open. Refinance scheduled to close next week. Bridge lender repaid directly from refinance proceeds plus agreed fee.

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Vijay FriedmanBusiness Member
Miami, FL · Member since 2026 · 766 posts · 122 votes
3mo
Quote from @Torey Jones:

@Vijay Friedman yes due to timing - and deadline was moved up 

@Torey Jones
Thanks for clarifying. Since the refinance is already lined up, this sounds like a timing bridge rather than a qualification issue. If title is already open and the refinance approval is in place, this could be a fairly straightforward situation. 

Feel free to click Contact Us, check out our website, or give us a call if you'd like to discuss the scenario further.

786-656-0387
DreamPoint Capital
WebsiteView Page
1Reply
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  • Vijay FriedmanBusiness Member
    Miami, FL · Member since 2026 · 766 posts · 122 votes
    3mo
    Quote from @Torey Jones:

    Looking for true bridge/private capital operators that can move immediately.

    Need:
    $200,000 short-term first-position payoff acquisition.

    Property: can share information - 

    Current payoff:
    ~$185k

    Approved refinance already in place:
    $278,000

    Title already open. Refinance scheduled to close next week. Bridge lender repaid directly from refinance proceeds plus agreed fee.

    @Torey Jones
    Sounds like the refinance is already lined up. Is the bridge need simply due to timing, or did the payoff deadline get moved up unexpectedly?

    786-656-0387
    DreamPoint Capital
    WebsiteView Page
    1Reply
    • Torey Jones
      OP
      Member since 2021 · 5 posts · 3 votes
      3mo

      @Vijay Friedman yes due to timing - and deadline was moved up 

      0Reply
    • Vijay FriedmanBusiness Member
      Miami, FL · Member since 2026 · 766 posts · 122 votes
      3mo
      Quote from @Torey Jones:

      @Vijay Friedman yes due to timing - and deadline was moved up 

      @Torey Jones
      Thanks for clarifying. Since the refinance is already lined up, this sounds like a timing bridge rather than a qualification issue. If title is already open and the refinance approval is in place, this could be a fairly straightforward situation. 

      Feel free to click Contact Us, check out our website, or give us a call if you'd like to discuss the scenario further.

      786-656-0387
      DreamPoint Capital
      WebsiteView Page
      1Reply
    • Torey Jones
      OP
      Member since 2021 · 5 posts · 3 votes
      1mo

      @Vijay Friedman needing to payoff the $191,000 loan asap . Current as is value mid construction is $167,000 . ARV $484,000

      1Reply
    • Vijay FriedmanBusiness Member
      Miami, FL · Member since 2026 · 766 posts · 122 votes
      1mo
      Quote from @Torey Jones:

      @Vijay Friedman needing to payoff the $191,000 loan asap . Current as is value mid construction is $167,000 . ARV $484,000

      @Torey Jones
      Call us, and let me help you.

      786-656-0387
      DreamPoint Capital
      WebsiteView Page
      0Reply
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