All Forum Posts by: Sean Richway

@Brian Merryman If you come across any properties of interest and need financing, feel free to reach out. One of our biggest competitive advantages to other HML's is that we don't charge upfront on the rehab monies. We use a LOC structure where you get charged as you draw on the monies.

@Jesus Yinh  Would definitely be interested in setting up a referral platform for us to be a preferred financing partners for your buyers.  Let me know if this might be of interest to you.  We would of course pay a referral fee for all closed loans.

@Cedric Dadaille  If you have any buyers in need of financing, feel free to reach out to me.  I would be interested in setting up a referral platform with you to become a preferred financing partner on your deals and we can pay you for closed loans that you bring us.  Let me know if you would be interested.

@Shawn Ackerman  Yes we can consider the Mid-West.  Send me an email and we can chat more about what you have going on currently and specifically what states you are looking.

@Tyler R.  If you are interested in setting up a referral platform where you use us as a preferred lender for your buyers, feel free to reach out.  We can arrange a pay per lead for the deals that close.

@Richard McDonald  Feel free to reach out to me regarding any projects in OH as we would be interested in taking a look at them.

@Lily Ardila  Just sent you an email now.

@Kelley Lefmann I agree and you should definitely explore all your options. The best bet in getting a JV done, in my opinion, is to utilize a high leverage program and bring in a JV partner to fund the small cash outlay that is needed. We can structure deals in FL with 90% of purchase and 100% of rehab funded through our loan. Our rates start at 7% and points are typically 2-3.5. Taking our program for example, you would need a JV partner to fund 10% of the purchase and the points at closing for the loan. In return for the monies you can split the profit 50/50 or another structure based on how much the JV partner wants of the profit. This lets you avoid the high cost of most HML's that charge an arm and a leg to do a JV, while taking a 50% or more of the profits as well. Keep in mind using CC's, LOC's, unsecured personal loans, etc. all would be eligible to fund our loan as we don't require any seasoning. As long as the monies that are used towards the deal do not create a 2nd lien, they are acceptable.

@Christian Sifuentes  Just sent you a PM.

@Jesus Yinh  Feel free to refer any clients you have needing funding to me as we love the CA market. We do pay referral fees for this structure as well for any deals that close.