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All Forum Posts by: Sean Richway

Sean Richway has started 189 posts and replied 1162 times.

Post: I Need a 1-yr Note...Interest Only. Balloon at Maturity.

Sean Richway
Posted
  • Lender
  • Chevy Chase, MD
  • Posts 1,299
  • Votes 136

Brandon,

I am sending you an email directly now.

Thanks!

Post: Looking for gap funding

Sean Richway
Posted
  • Lender
  • Chevy Chase, MD
  • Posts 1,299
  • Votes 136

Brian,

In those areas you mentioned I can offer a pretty attractive program related to fix and flips or fix and holds.  See below for the overview:

-90% of the Purchase Price
-100% of Rehab
-Up to 70% ARV
-12% I/O
-4 Points
-6-12 month term
-No PPP
-No Junk fees

Let me know if this might be of interest to you and we can discuss further or if you have any questions for me.  Feel free to PM me or email me directly at [email protected].

Thanks!

Post: Private or Hard Money Needed / 10% for 1 yr

Sean Richway
Posted
  • Lender
  • Chevy Chase, MD
  • Posts 1,299
  • Votes 136

David,

I might be able to assist with this.  Can you provide me with the following:

-Credit Score
-How many units
-Monthly rental income and expense
-Do you need rehab funds as well
-What is the current market value
-Are you looking to refinance after 1 year into a conventional program
-Address

Feel free to PM me or email me directly at [email protected].

Thanks!

Post: Construction Loan

Sean Richway
Posted
  • Lender
  • Chevy Chase, MD
  • Posts 1,299
  • Votes 136

Andrew,

Feel free to reach out to me regarding your construction loan needs. I am able to offer various structures around construction projects from 75%-90% LTC or up to 70% LTV on the completed project. You can PM me or email me directly at [email protected].

Thanks!

Post: Seeking Creative Financing Sources

Sean Richway
Posted
  • Lender
  • Chevy Chase, MD
  • Posts 1,299
  • Votes 136

Charles,

Depending on what you were looking for I could provide a portfolio loan on at least 4 properties or more.  See below for more details:

-Up to 75% LTV
-Starting at $300K
-4 properties or more
-30 year term
-5 or 10 year fixed term
-Interest typically between 5.25-6.25%
-Can be used for refinances as well as purchases

Let me know if this is something of interest or you were looking for something else as I can come in with numerous structures around real estate projects.  You can PM me or email me directly at [email protected].

Thanks!

Post: Need a Loan on a Home run deal

Sean Richway
Posted
  • Lender
  • Chevy Chase, MD
  • Posts 1,299
  • Votes 136

Nasar,

I can offer a very attractive structure in NC.  See below:

-90% of Purchase Price
-100% of Rehab
-Up to 70% ARV
-12% I/O
-4 points
-No PPP
-No Junk Fees
-6-12 Month term

Let me know if you are interested in the above.  If you were looking for something else in terms of structure feel free to email me directly at [email protected] as I would be glad to provide funding for this project.

Thanks!

Post: HML Virginia willing to loan to 1st Timer!!

Sean Richway
Posted
  • Lender
  • Chevy Chase, MD
  • Posts 1,299
  • Votes 136

Lamont,

Below is one of our most attractive funding programs in VA:

-90% of Purchase Price
-100% of Rehab
-12% I/O
-4 Points
-No PPP
-6-12 month term
-No Junk Fees
-No appraisals required

Feel free to reach out to me regarding your project via PM or email directly at [email protected].  I also have other programs available if the above does not fit your needs.

Thanks!

Post: Private Money Lenders Chicagoland

Sean Richway
Posted
  • Lender
  • Chevy Chase, MD
  • Posts 1,299
  • Votes 136

Carrie,

Feel free to reach out to me as I can offer fix and flip funding in Chicago.  You can PM me or email me directly at [email protected].

Thanks!

Post: Credit Card Use

Sean Richway
Posted
  • Lender
  • Chevy Chase, MD
  • Posts 1,299
  • Votes 136

Kyle,

Be cautious of doing this too much as paypal monitors this type of transfers in and transfer out on your account. Per the terms of use of Paypal this is not allowed and they can shut down your account because you are using paypal to avoid the cash advance fee. They do not allow this. I have actually been warned in the past personally doing this. The trick to hide this is to set-up an LLC account on paypal as well and then send an invoice to yourself individually for some type of service or management fee. Use your credit card to pay the invoice to your business. Then transfer the funds out of your business paypal account into your bank account. I have done this and it works without paypal picking up on it.

Thanks!

Post: Need funding in Philadelphia

Sean Richway
Posted
  • Lender
  • Chevy Chase, MD
  • Posts 1,299
  • Votes 136

Scott,

I don't recall seeing any emails from your regarding your project/s.  Can you resend them to [email protected]?  Maybe there was just a glitch in my email and for some reason they didn't come through.

Thanks!