All Forum Posts by: Jonathan Casillas

Are you looking at buying ten or more single family homes in a portfolio type of deal but do not have the financing? We can help fund your deal.

48 contiguous states, for SFR portfolios of more than 10SFRs:

• Portfolio acquisition and rehab
• advance rate - up to 80% of purchase price
• Interest rate starting at 8% (depends on underwriting)
• Term 12-24 months
• Min loan amount $1M and Max is $20M
• 30-40 days = time to close
• Non recourse (need several years of experience)

Contact us for details on how.

Say Goodbye to Hard Money!! Hello Commercial Lines of Credit!

If your looking for a working capital loan for you business we can help. These loans can be used for things like inventory acquisitions (think Fix and flips), legal fees, equipment purchasing, website building, any business expense. From Start ups to companies that have been around for years we got you covered.

Line of credit functions like a credit card. You spend what you want and pay it down to be able to spend more. Average rate is between 5-8%. You get a credit card in your business' name and you can do cash advances. This line of credit helps to establish your business credit and it strengthens it so over time you will not have to rely on your personal FICO for business financing.

The questions we need answers to:

How long have you been in business?
How much did you gross in the last 6 months and in the last year? (if applicable)
What is your FICO range?
Any bankruptcy or things we should know about up front?

I would love to speak with you to see how our network of lenders might be able to fund this deal. please feel free to contact me.

Respectfully Yours

Jonathan Casillas

Sales Director

foxworthcommercialcapital.com

[email protected]

O: 800.278.1239 ext. 700

C: (919) 901-0872

I have to say I like the plan. It seams well thought out. I am sure you will iron any kinks that come up along the way. 

Need money? Looking at cashing out your former 401K? DON'T (the taxes will kill you). Turn your former 401k (min 40K) Into a working capital loan. Barrow from yourself rather then a bank tax free.

What we need:

-Full Name

- Good Contact Phone Number

- Email Address

It must be from a former employer. We set up a trust that is tax free so you can borrow from yourself. It's not a loan.

Some details You must be less than age 59, former employer 401K / IRA (NOT ROTH) (min 40K), not paid taxes on it yet.

Welcome to Bigger Pockets. There is a large amount of resources you will find in the this community . Happy hunting and learning. 

Are you looking at buying ten or more single family homes in a portfolio type of deal but do not have the financing? We can help fund your deal.

48 contiguous states, for SFR portfolios of more than 10SFRs:

• Portfolio acquisition and rehab
• advance rate - up to 80% of purchase price
• Interest rate starting at 8% (depends on underwriting)
• Term 12-24 months
• Min loan amount $1M and Max is $20M
• 30-40 days = time to close
• Non recourse (need several years of experience)

Contact us for details on how.