All Forum Posts by: Sean Richway

We are looking to expand our project fundings within the next 3 months and are targeting properties on the East Coast in particular. We have a common sense underwriting approach that is far from cookie cutter like most hard money lenders/private lenders. We are a stated underwrite with no min credit score required but we will look to make sure there are no red flags on the credit report, BK's, FC's, SS's, or large judgements. We have the ability to not charge interest on rehab monies until they are drawn on, which is a huge cost savings for borrowers. We are targeting Maryland (MD), Pennsylvania (PA), Delaware (DE), Washington DC (DC), Virginia (VA), North Carolina (NC), South Carolina (SC), and Florida (FL). Other states as well we will consider.

We are looking to expand our project fundings within the next 3 months and are targeting properties on the East Coast in particular. We have a common sense underwriting approach that is far from cookie cutter like most hard money lenders/private lenders. We are a stated underwrite with no min credit score required but we will look to make sure there are no red flags on the credit report, BK's, FC's, SS's, or large judgements. We have the ability to not charge interest on rehab monies until they are drawn on, which is a huge cost savings for borrowers. We are targeting Maryland (MD), Pennsylvania (PA), Delaware (DE), Washington DC (DC), Virginia (VA), North Carolina (NC), South Carolina (SC), and Florida (FL). Other states as well we will consider.

We are rolling out our new funding program which goes higher on leverage than any other HML. We also have changed the game on how rehab monies are carried from closing, we do NOTcharge on the rehab monies until they are drawn on. We have now have 2 core programs we can offer, presented below:

@Matt Motil  Hey Matt, thanks for the shout out!

Pay no interest on your rehab monies until you draw on them.  Why pay a lender on monies you are not receiving at closing?!!

@Ram Gonzales  I am sending you an email now regarding a deal in Fort Lauderdale we are looking for equity or GAP funding on for our borrower.  We are providing the first position on the project.

We are looking to expand our project fundings within the next 3 months and are targeting properties on the East Coast in particular. We have a common sense underwriting approach that is far from cookie cutter like most hard money lenders/private lenders. We are a stated underwrite with no min credit score required but we will look to make sure there are no red flags on the credit report, BK's, FC's, SS's, or large judgements. We have the ability to not charge interest on rehab monies until they are drawn on, which is a huge cost savings for borrowers. We are targeting Maryland (MD), Pennsylvania (PA), Delaware (DE), Washington DC (DC), Virginia (VA), North Carolina (NC), South Carolina (SC), and Florida (FL). Other states as well we will consider.

@Zac Vines  If you have any potential buyers in need of financing, I would love to set up a referral platform where we are a preferred lender for your buyers.  We do pay between .5-1% of the loan amount for closed deals.  Feel free to PM me or email me directly if you are interested.

@Ram Gonzales  What states do you offer this in?

We are focused on funding flips or investment property purchases in the below states:

-Maryland
-Pennsylvania
-Delaware
-New Jersey
-Washington DC
-Virginia
-North Carolina
-South Carolina
-Florida
-California
-Texas
-Most other states as well

Feel free to reach out with any direct properties or referrals.  Calling all wholesalers, RE agents, and other lenders.