All Forum Posts by: Sean Richway
Sean Richway has started 189 posts and replied 1162 times.
Post: Local Lenders in Asheville, NC area
- Lender
- Chevy Chase, MD
- Posts 1,299
- Votes 136
@Kyle Myers Feel free to reach out to me regarding the NC marketplace as we would be interested to review your projects.
Post: Hard Money/ Private Money Lenders in Houston
- Lender
- Chevy Chase, MD
- Posts 1,299
- Votes 136
@Kingsley Idemudia Shoot me an email as I would be interested to look at your TX properties.
Post: Need help with hard money lenders
- Lender
- Chevy Chase, MD
- Posts 1,299
- Votes 136
@Stephen Bond In regards to your situation, we wouldn't have an issue with your partner living outside the state the property is in. We could also add you to the LLC depending on who the PG would be attached to and what their % ownership is in the LLC holding title. Feel free to reach out to me directly.
Post: Private Money Lender ?
- Lender
- Chevy Chase, MD
- Posts 1,299
- Votes 136
@Lily Ardila Feel free to reach out to me in regards to your properties in FL as we love that real estate market in general.
Post: First Hard Money Loan
- Lender
- Chevy Chase, MD
- Posts 1,299
- Votes 136
If you are still looking for funding, feel free to reach out to me regarding your properties in MD.
Post: Need some options for funding my first deal
- Lender
- Chevy Chase, MD
- Posts 1,299
- Votes 136
@Lenzy Ruffin Feel free to reach out to me as I would have an interest on the project.
Post: Private Lending Terms
- Lender
- Chevy Chase, MD
- Posts 1,299
- Votes 136
@Kelley Lefmann Be cautious with a JV partnership structure as well. Most HML's will charge 12-15% and 3-5 Points on a JV structure and take 50% of the profits. This eats up the profit on your end very quickly and in most cases is not worth the high leverage you are looking for, assuming you can sell a HML on this.
Post: Hard Money Lending Up to 95% LTC
- Lender
- Chevy Chase, MD
- Posts 1,299
- Votes 136
@Account Closed Based on the size of the new build we wouldn't be able to offer anything on the new construction project.
Post: Looking for private or hard money to finance rest of acquisition
- Lender
- Chevy Chase, MD
- Posts 1,299
- Votes 136
@Kira Reinhart Feel free to reach out to me as I would be interested in this project.
Post: Hard Money Lending Up to 95% LTC
- Lender
- Chevy Chase, MD
- Posts 1,299
- Votes 136
@Account Closed Thank you for reaching out to me regarding your property. I would have to pass on this project as we don't lend on any properties that are sitting on more than 2 acres of land. It becomes to unique of a property in terms of finding comps, reselling, and determining what the market will pay for a property of that type. If you have any other properties that are sitting on a small lot, feel free to reach out. Thanks and best of luck!