All Forum Posts by: Sean Richway
Sean Richway has started 189 posts and replied 1162 times.
Post: Looking for Private/Hard Money Investor for Winter Haven, FL SFR
- Lender
- Chevy Chase, MD
- Posts 1,299
- Votes 136
@Sergey Perevalov If you are still looking for financing for this property I would be interested. Based on reviewing the numbers you provided we could offer the following:
-90% of purchase financed ($51,300)
-100% of rehab financed ($30,000)
-9% interest only rate
-4-5 points
Let me know your thoughts here.
Post: Flip Funding up to 80% ARV and rates starting at 7%
- Lender
- Chevy Chase, MD
- Posts 1,299
- Votes 136
@Shaniqua Dupree This looks right up my alley. I will be following up to your email now.
Post: 90% of Purchase Program Available w/ Rates Starting at 7%
- Lender
- Chevy Chase, MD
- Posts 1,299
- Votes 136
@Rickey Luna No problem. Feel free to reach out with any other questions.
@Rasheema Abduls-Salaam Sounds good!
Post: 90% of Purchase Program Available w/ Rates Starting at 7%
- Lender
- Chevy Chase, MD
- Posts 1,299
- Votes 136
@Rasheema Abduls-Salaam It is hard to tell. We are constantly expanding our network of where we will lend so it just depends on how many projects we get in those areas, combined with our feeling for strength of business in that state. These two items are typically what we use to extend our lending geography. There is a good chance DE and NJ will be added this year but I am not sure as to the exact time frame for when that will occur.
Post: 90% of Purchase Program Available w/ Rates Starting at 7%
- Lender
- Chevy Chase, MD
- Posts 1,299
- Votes 136
@Rickey Luna On this particular program we can go down to as low as 500 for the credit score.
Post: Flip Funding up to 80% ARV and rates starting at 7%
- Lender
- Chevy Chase, MD
- Posts 1,299
- Votes 136
Looking to fund 15 more projects in January along! Feel free to reach out with any questions.
Post: 90% of Purchase Program Available w/ Rates Starting at 7%
- Lender
- Chevy Chase, MD
- Posts 1,299
- Votes 136
Rolling out a new program for investors that purchase properties at a discount below current market value or for properties that do not require rehab. No more standard 70-75% purchase LTV even when buying properties at a discount. See below for the overview:
-90% of PP or up to 80% of appraised value (whichever is lower)
-Rates start at 7% I/O
-2-4 points
-12 month term
-No PPP
Available in the following states: AZ, CA, CO, CT, FL, GA, IL, MD, MI, MO, NC, NV, NY, OH, OR, PA,SC, TN, TX,VA, WA, and WV
Feel free to reach out with any questions directly on this forum or via email [email protected].
Post: Looking for Private Funds for Cash Flowing Multi Aquistions
- Lender
- Chevy Chase, MD
- Posts 1,299
- Votes 136
@Ryan Dossey What are your rate expectations here?
Post: Three unit property with great cash flow Central Florida
- Lender
- Chevy Chase, MD
- Posts 1,299
- Votes 136
@Bobby Musser What is the purchase price on this?
Post: Looking for Possible JV Partners in MD
- Lender
- Chevy Chase, MD
- Posts 1,299
- Votes 136
@Khaled Helmi If you can source 10% of the purchase price and closing costs, you would be able to eliminate your need for a JV. Not sure if that is possible but keep it in mind as you would be keeping substantially all the profit in that case vs. a JV 50/50 split (or probably more). What amount of cash do you have available (cash, credit cards, LOC's, etc)?