All Forum Posts by: Sean Richway

Deadline to place an offer is Monday.

Infinity Capital Finance is offering investors the opportunity to purchase a 2,650 square foot property in Clearwater FL. Purchase price is $585K and rehab is estimated at $70K. Only cosmetic repairs needed. Already have an ARV appraisal completed at $882K+. Closing date is September 8th. If you an experienced investor we can also provide financing for this deal through our no doc in house flip financing. Below is our financing offer for experienced investors:

• Total Loan of $573,300
• Purchase loan of $503,300 (86% of purchase)
• Rehab holdback of $70,000
• 10.99% interest
• 2.25 points
• 12 month term
• No PPP

I am factoring in the following assumptions in my profit calc:

• 10.99% interest only
• Financing $573,300
• Paying 3.25 points
• Carrying the project for 9 months to be conservative
• 1% in transfer taxes
• 1% in mortgage tax
• 1% title insurance
• 1% property maintenance and property taxes
• 5% sales commission
• $5,400 in misc. closing fees

Feel free to contact me if you are interested.  Pictures, comp reports, and SOW estimate are all available upon request.

Offering fully secured real estate investment at 18% annually (15% interest and $500 fee per deal) or more. Min $10K investment. Additional capital needed! Secured with our 1st & 2nd position mortgages. This investment is fully secured in 2nd position at or below 75% ARV on all deals. We are also providing the 1st position mortgage as well so there is no conflicting or third party interest on the properties. Feel free to contact me at srichway@infinitycapitalfinance.com.

Infinity Capital Finance is offering our No Doc Flip Funding program in part with our exclusive GAP Funding program to leverage experienced borrowers up to 100% CLTV.

No DOC Rehab Loans:

-Up to 90% of Purchase and 100% of Rehab (within 65-70% ARV)
-Interest rates between 10.99%
-Points below 2.5 on all deals
-Closing in as little as 2 weeks on the first deal
-No Tax Returns or Income Verification
-No Asset Verification or Seasoning/Sourcing of Funds
-No Bank Statements
-Experienced Operators
-No PPP
-2nd Liens Allowed
-GAP Funding Allowed
-Brokers protected on the HUD for up to 1 point

GAP Funding:

-Up to 100% CLTV in part with our first above
-$2,000-$4,000 fee paid at closing on the HUD for the GAP funds
-No monthly payments
-Equity split on the backend of 20-50% of net profit, depending on the cash outlay of the sponsor vs. GAP investor
-Secured in 2nd position along with our 1st position

To get a quote you can apply right through our website, http://infinitycapitalfinance.com/apply/

@Anthony Barbato  Depending on how much time you have left on the contract we may be able to provide higher leverage than your current lender.  We have a no doc program up to 90% of purchase and 100% of rehab.  No min reserves, asset verification, income verification, seasoning or sourcing of assets, bank statements, or down payment/holding cost verification.  Feel free to email me at [email protected].

@Matt Pritchard  I would be interested to take a look at this deal as we can lend in MO.  We have a no docs 90% of purchase and 100% of rehab program available.  Feel free to send me an email at [email protected] or apply through our website http://infinitycapitalfinance.com/apply/

We are targeting projects that will flip the money back to us within 3-6 months to reuse again. In return we are offering investors a 15% annual coupon rate on their funds with a $500 fee per deal we use the funds for that would be paid out to the investor whose funds we used to originate the 2nd mortgage. We are planning on being able to cycle $50K of the same money 4-6 times a year, which would result in $2,000-$3,000 in fee income along with the 15% annual coupon rate. That would produce an annual return on investment of around 20%.

@John Menton  We actually are picking up a lot of business in MA for borrowers and I know of Endeavor from when I used to run my brokerage company.  We have switched over to lending directly.  Feel free to shoot me a personal message if you want to continue the conversation regarding your question.

This investment is fully secured in 2nd position at or below 75% ARV on all deals. We are also providing the 1st position mortgage as well so there is no conflicting or third party interest on the properties.

Offering 18% annually (15% interest and $500 fee per deal) or more. Min $10K investment. Additional capital needed! Secured with our 1st & 2nd position mortgages. Feel free to contact me at srichway@infinitycapitalfinance.com.