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All Forum Posts by: Sean Richway

Sean Richway has started 189 posts and replied 1162 times.

Post: Bolthouse Home in McHenry, Illinois

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

@Account Closed  Thanks Nick!  Just sent you an email so you have it on file in case you want a quote on a property in the future.

Post: Parma Duplex 21% COC/ROI! Are you kidding me!? Cleveland A Area!

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

@Matt Motil  The place looks AWESOME!!! Nice work with the renovations.  I'll share this with my list of buyers and let you know when I have someone interested.  Looking forward to getting your next rehab project off the ground!

Post: New Construction Financing w/ Delayed Interest on Hold Back

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

@Devon Garbus  This program is available in the following states:

-Maryland
-Washington DC
-Virginia
-North Carolina
-South Carolina
-Florida
-Other states on a case by case basis

We do also have a conduit lending partner for projects in New Jersey that are ground up.  That program is below:

-Up to 80% of acquisition
-100% of construction
-12% interest
-3-3.5 Points
-12 month term
-No PPP

Let me know if you have any questions.

Post: Potential wholesale in San Diego Desirable North Park

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

@Ian Losasso  If you have any buyers that are in need of financing I would love to set up a referral platform with you.  We would pay you .5-1% of the loan amount for all referrals that closed.  Let me know if you would be interested.

Post: Flip Funding up to 85% AIV/75% ARV w/ No Interest on Rehab Money

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

Looking for flips and investment property purchases to fund!  Please reach out with any referrals or direct projects you may have as we pay .5-1% of the loan amount for all referrals.  We are also looking for brokers to push our products as well!!

Post: New Construction Financing w/ Delayed Interest on Hold Back

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

We are rolling out our New Construction Core Lending Program targeted for developers or real estate investors looking to build new construction homes or complete tear downs.  Below is an overview of the program offering:

New Construction Core Lending Program

-50% of acquisition on the lot or existing building if it is a tear down
-100% of construction costs
-11-12% interest rate
-2-4 points
-6-18 month term
-Up to 70% of the completed value
-Holdback on construction does NOT incur interest until the monies are drawn on, similar to a LOC where you pay as you draw

Feel free to reach out with any questions or projects you currently have and we will be happy to review them.

Post: Bolthouse Home in McHenry, Illinois

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

@Account Closed  Very nicely done!  Let me know if you are looking for better financing on your projects or if you are looking to leverage your cash with a high leverage private loan on your next deal.  Would definitely be interested in working with you.

Post: A VACANT **EAGLE ROCK** FIXER WITH AMAZING VIEWS!

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

@Brian Collins  If you have any buyers in need of financing feel free to reach out to me.  Would be open to a referral platform where we become a preferred lender for your network of buyers and in return we will pay .5-1% of the loan amount as a referral fee to you.  Feel free to PM me or email me directly if you are interested.

Post: Looking for Investors on New Construction SFR in North Florida.

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

@Kevin Martin  We would potentially be interested in coming in with financing for your new construction builds in FL.  Below is an overview of what we could offer:

-50% of acquisition on the lot or existing building if it is a tear down
-100% of construction costs
-11-12% interest rate
-2-4 points
-6-18 month term
-Up to 70% of completed value
-Holdback on construction does NOT incur interest until the monies are drawn on, similar to a LOC where you pay as you draw

Feel free to reach out to me via PM or email and we can discuss in more detail.

Post: Flip Funding up to 85% AIV/75% ARV w/ No Interest on Rehab Money

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

@Michael Johnson  Our website is in the final stages of being built so it should be ready within a week or two max.  Shoot me over an email directly to [email protected] and we can chat further.