All Forum Posts by: Chris Licavoli

Does anyone have recommendations for effective lenders able to originate cash out refi mortgages. I am looking for qualities such as low interest rates, 30 years, 75% LVT on appraised value, 6 month or less (or no) seasoning, reasonable origination fees, etc. 

Thanks!

Its all going red and even the very best rate you can get in a US 30 year treasury is only 2.4%, but we have real estate flip deals yielding 10% and pay off in a year or less.  We have a deal ready to go off in 2 weeks that has a $60,000 loan opportunity still available.  Call 912-224-8620 for more details.

Hello

I am an active investor in Savannah. We do flips and tee up turn key rentals in the area. Got a deal going on Millstream Rd that is a s short term investment opportunity that would earn double digit passive returns.

Regards

Chris

Below is our latest private money lending opportunity in Savannah GA on this 1985 renovation / resell project. 3 Bedroom 2 bath, 1700 sq ft. ARV is $169,000. We are looking for a lender able to fund $100,000 all in costs for 4-8 months at 10% APR interest plus 10% of final profit as a bonus. If you can't fund all $100,000 we can still potentially use your funds but the 10% bonus is only paid for a fully funded project. LTV is just 59%. Total return will depend upon project timeline, but at 6 months I estimate the return to be about $8,000 interest plus bonus, totally passive to you. If this sounds interesting please give me a call.

Chris Licavoli

www.OglethorpeProperties.com

[email protected]

912-224-8620

Yes in both cases. The funds would be wired to the closing attorney who would send you the trust deed and monthly payments can be made. 

Here is a private lending opportunity to earn 10% APR for 6 to 12 months in Richmond Hill GA. You can loan as little as $20,000 to a max of $85,000 for a max loan to value of 70% . This property will go into my personal rental portfolio and I plan on doing a cash out refi to pay you off by the end of 2016.

Please call 912-224-8620 for information

Chris Licavoli

www.OglethorpeProperties.com

Unfortunately because of the crushing national debt, the Feds have us locked into ZIRP (zero interest rate policy) for the foreseeable future. Why? because most of that debt is financed with short term treasuries and any serious uptick in rates will consume the budget with rising interest payments to service that debt. This hurts millions of people trying to earn yield and save for retirement. What is a saver or someone living on fixed income to do?

This Midway GA project was sold on 2/25/2016. Our lending partners on this job had their capital returned in 215 days and banked $3,126 in interest income, having loaned only 40% of the total project capital. If making completely passive, double digit returns secured by real estate collateral sounds like something that you would like to participate in, please contact me and download the private lending presentation attached to my profile or call 912-224-8620

https://www.linkedin.com/pulse/zirp-killing-your-plan-retirement-chris-licavoli?trk=prof-post

Please check your messages Matt.  I can show you the project at your convenience. 

This property will be our next fix and flip project located in Savannah GA. Me and my team will be doing the work and providing 85% of the cash needed. I can offer a private lender the opportunity to earn 10% APR on $15 to $20,000 for 6 months. Call 912-224-8620 if you are interested. Closing is schedule for 4/1/2016

Yes it is. The note will be created at closing mid March