All Forum Posts by: Dustin Lametti

Hi All!

My name is Dustin Lametti and I'm a Realtor in Phoenix. My client is looking for a good deal, has money for a down payment. He is looking for hard money and POF letter to include with offers I make on his behalf.

 Hi Michele, I have a very similar situation, would you be willing to put me in touch with these lenders as well?  

Investor looking for $50,000 to $350,000 in private money to fund down payments and improvements on outstanding deals involving C and B class apartment buildings that are already cash flowing.  C and B class apartment units historically take smaller hits than other forms of real estate on economic downturns because people always need a roof over their heads, and often downsize to a C or B class apartment.   I buy for the cash flow, so this demand for mid-level apartment space serves as economic insulation against real estate market swings!  Will consider payments of principal and interest, and interest only options.  Rate and terms negotiable.  Exit strategy: looking to refinance in a year or two, and pay your principal back.  This will give you access to your investment at shorter intervals than long term loans, and will help limit your market exposure.  From there we can either part ways or put your money back to work!  

Looking for an asset-backed, 2nd position private money loan to cover down payment for a $700,000 10 unit building walking distance to historic downtown Glendale, AZ. Rehabbed building with new tenants and the majority of the rent being is paid by a government guarantee. Many of the leases extend well into 2020. I can provide the rent roll to anyone who is interested. My lender will allow a 2nd lender (private/hard money) to back their 2nd position loan with the asset if the terms are right. I'm looking for private money to cover $175,000 (25% of the purchase price) and the terms are negotiable. Please contact me as soon as possible if you are interested in putting your money to work.