All Forum Posts by: Copelon Kirklin

Don't go hard money until you check with me first. May be able to lend when other banks won't. Income-producing properties such as multi-family units, mixed-use, student housing, mobile home parks, etc.

- Up to 75% LTV
- Nationwide platform
- 5, 7, and 10 year fixed terms
- Loan amounts from $300,000 - $10MM
Feel free to contact me by any means below.

Regards,
Copelon J. Kirklin
[email protected]
Skype: Copelon
225-304-2634

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Originally posted by @William Powers:

I am currently offering private money lenders an opportunity to invest in flips in lake county IL. Investments offer LTV of 30-50% on ARV. Myself and my flip partner have completed 15 flips since January, 2014, and will complete 20 in 2015 with experienced contractors, strong relationships with building departments/municipalities, and a strong pipeline of property. Call 224 656 4353 to discuss.

Are you able to speak today?

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Originally posted by @Jay Hinrichs:

@Account Closed

@Wayne Brooks

Wayne I do this for very close trusted clients. A million dollar line though is a stretch unless you have significant cash and or assets.

We provide funds to bid at auction. if my client wins at auction he puts me in as the owner.. when I get trustees deed I deed to them and create a note and Deed of trust. If they take my check and don't get the sale that day I charge 250,00 for the check.. Check being 100 to 300k cashiers check that leaves my bank at 8:30 in the morning and if they don't bid comes back at 1pm..

If they win the bid then we do the loan. And as Wayne says it can be anywhere from 35% to 20% cash in the deal PLUS investor needs his own rehab funds.

If you can do better than that then you have a home run in my mind.

Do you have some time to talk, Jay? I have a scenario here in Louisiana that fits what you just outlined. Not sure if my area is an issue for you though.

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@Jayagowri Deenadayalan

May I ask what's your experience with these types of deals? I may be able to help.

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@Andrea Lizcano Summers

I'm interested in Deal #2. Would like to discuss with you.

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Attention Investors & Wholesalers - Oswald Street, Toledo, OH 43605

Oswald St, Toledo, OH 43605

$59,000

KEY FEATURES

Year Built: 1889

Sq Footage: 2474 sqft.

Bedrooms: 4 Beds

Bathrooms: 3 Baths

Lot Size: 5227 Square Feet

Property Type: Multi-Family

DESCRIPTION

Wow!!! 3 units bringing in over $12,000 per year!

Unit #1 : $375.00

Unit #2 : $375.00

Unit #3 : $435.00

Six (6) Month Rental Agreement!!
Six (6) Month Maintenance Agreement!!
First Year of Property Management Free!!

Rent: $1,185.00

Monthly Property Tax: $87.84

Monthly Insurance: $65.42

Monthly Net: $1,031.74

Cap Rate: 20%

Net Annual Income: $12,380.88

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I wouldn't say it's mythical but what I would say is that it's not all that common @Samuel DeMass. What's ironic is that I just spoke to a banker today who's offering a loan product that caters to income-producing properties at bank rates. They're also not relying on credit and you can still possibly get rates in the 4s. Again, this is not all that common...but not mythical either.

1 Vote

I should have some time around 4P CST @Rod Desinord.

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All Forum Posts by: Copelon Kirklin

Copelon Kirklin has started 45 posts and replied 172 times.

Post: Financing Question

Post: RATES STARTING IN THE 4's FOR BORROWERS W/CREDIT ISSUES

Post: RATES STARTING IN THE 4's FOR BORROWERS W/CREDIT ISSUES

Post: Offering Private Money Opportunities in Lake County IL - under 50% LTV

Post: Transactional Funding for Auction

Post: Seeking Private Investor to fund the deal!

Post: Looking for Private Lender - 2 Small rehab deals in Houston, Texas

Post: 3-Unit Turnkey Property in Toledo, OH - 20% ROI, $12,000 Annually!

Post: National Lenders - The Unicorn in the room or is it?

Post: 70% & Stated Income Loans - April Special