All Forum Posts by: Claudia Fernandez

@Logan Drew I know these guys very well and personally... its simply a JV model it is not a lending model.

@Chris P. @Austin Mudd   Gorilla is a Eugene based company as their data shows..

program I am sure is real.. I know John the owner personally.. ( He almost bought into my airplane)

they entered the foreclosure space at the perfect time .. they used to only do court house steps for them in house.. this would be a natural progression for them.

If the terms work and you like working with them its for real for that I can assure you. So anyone answering on this thread that says it sounds to good etc etc.. that's just a guess and typical BP negativism.. LOL.

they will have to kiss a ton of frogs doing this with newbies.. but they mitigate the down side by having folks have skin in the game. I would certainly do this WAY before I signed up for deal like with a company like DOhardmoney  ... John is not out to rip a couple grand from you he wants to put money out.

And I have no affiliation other than a coincidence last e mail I had with john was a year ago and he did not mention this model.

good luck with it.

you will find them to be pretty structured in how they do business on the deal side.

@Claudia Fernandez you find the project, if it meets certain requirements, they'll fund 90% of it. The goal is to fix and flip in 120 days. For a 10% investment you could stand to make a nice ROI with the right project. I'd be curious to look over their contract though cause if the property is under their control after purchase they could do what they want with it.

@Chris P. No expert here by any means, but looks like a typical equity partnership seen in commercial development. Except usually it's something something like 90-10 investor/developer pari passu up to 12% returns, then the developer's promote hits a threshold and increases to 80-20, 70-30 etc. as % return increases past 12%

But GC is offering 50% split on profits while it looks like they're going to be doing more hand-holding? Seems like a good gig... Plus you have a firm underwriting your deals.

edit: "Every property is titled under a unique LLC, which is owned 100% by Gorilla Capital."

Noticed that, does that mean you're not a partner in the LLC?

Claudia. You need to do your own research. There are some short cuts in this business...  and they all lead to the same place: Losstown