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Title: Requesting a Loan, backed by physical real estate - 6% @ 70% LTV $100k Post by: Branny on December 18, 2013, 05:04:00 AM ..
Title: Re: Requesting a Loan, backed by physical real estate - 6% @ 70% LTV $100k Post by: KWH on December 19, 2013, 06:10:10 AM Quote Loans to be secured by our physical, income producing real estate holdings. Maximum LTV of 70% as determined by independent 3rd party appraisal. So, the lender will attach a lien to these properties for the amount + interest for this loan? If so, I assume all fees that accompany this transaction will be the responsibility of the borrower? Title: Re: Requesting a Loan, backed by physical real estate - 6% @ 70% LTV $100k Post by: Branny on December 19, 2013, 09:46:54 PM Quote Loans to be secured by our physical, income producing real estate holdings. Maximum LTV of 70% as determined by independent 3rd party appraisal. So, the lender will attach a lien to these properties for the amount + interest for this loan? If so, I assume all fees that accompany this transaction will be the responsibility of the borrower? It would be whatever we would determine in the contract, however the 'normal' procedure is to attach acceleration clauses and interest clauses. Fees can be negotiated between buyer/seller, my hope is that the total fees wouldn't exceed more than 1% of the transaction. Title: Re: Requesting a Loan, backed by physical real estate - 6% @ 70% LTV $100k Post by: Branny on December 30, 2013, 05:26:35 PM Bump
Title: Re: Requesting a Loan, backed by physical real estate - 6% @ 70% LTV $100k Post by: optimystic on January 04, 2014, 07:38:58 PM Hi Branny,
My family runs a hedge fund that specializes in alternative lending. Specifically private lending back by deeds of trust. It sounds like you're looking to borrow the 100k. Your terms would have to be altered. We typically do Maximum LTV of about 65% give or take and the interest rate would be higher by a few percent. But this is something we would definately look at. Feel Free to Reply here or PM me Hopefully we can make this a WIN WIN for both of us. |