Home Buy Sell Fund Get Wanted Ads Pricing Contact
Remember me Forgot? | LOGIN »
Private Bridge Debt Needed - $400K for Raw Land in Hawaii
Hello- My client needs $400,000 in bridge financing to refinance a piece of raw land on the Big Island. The property is worth approximately $2 million, and the loan will be used to pay off the existing 1st TD, attorneys fees, property taxes, and a few other ancillary costs. At the existing valuation the LTV is < 25%. The exit strategy is through the sale of an adjacent parcel of which the borrower is already negotiating an offer. Terms: - Principal - $400,000 - Interest Only - 15% i-rate - No prepayment - 12 month duration Returns: -10 points on the deal upfront to you -15% interest rate thereafter -Borrower hopes to repay the loan in less than 6 months. - 12 months of interest to be held-back and reserved from loan proceeds. - <25% LTV Risk: -Exit dependent on sale of adjacent property -Borrower has low liquidity/cash flow Other Considerations -Subject property is in the process of being up-zoned to multifamily. The new zoning should increase value to approximately $4 million. Please contact me if you are interested in discussing the deal further. The transaction would be setup as a loan and you would be the mortgagee. You can reach me at (714) 655-2274. I look forward to speaking with you. Thank you.
15% IRR - Discounted

Personally guaranteed by highly qualified borrowers. Price Negotiable. Media includes Applications...
VIEW DETAILS »
Price:$1.2M
UPB%:75%
WAC:6%
WALTV:73%
Lien:1st
$145K 3rd lien position 50%
Tennessee
Selling this high-yield low-risk loan on a beautiful +/- 5500 sf home on 5.5 acres in suburban...
VIEW DETAILS »
Price:$145k
UPB%:100%
Rate:12%
CLTV:50%
YTM:N/A
Private & Commercial
New york
We service World Wide for private mortgages- Second Mortgages & Home Equity Loans 1st...
VIEW DETAILS »
Price:$500k
UPB%:16667%
Rate:2%
LTV:25000%
YTM:-76%
South Texas 1st lien note
Texas
Incredible opportunity to purchase a double digit 1st lien newly originated note in south Texas....
VIEW DETAILS »
Price:$84.9k
UPB%:100%
Rate:12%
LTV:89%
YTM:N/A
Holladay 6M Debt
Utah
Looking for a loan of $6m. First position.
VIEW DETAILS »
Price:$6M
UPB%:100%
Rate:10%
LTV:67%
YTM:10%

Helpful Links

Getting Started

Private Lending

LoanMLS is affiliated with the Private Money Lending Guide which has a list of private money lenders as well as information on how to become a private money lender.

Contact Us

Phone: (866) 659-7579
Email: service@loanmls.com

© 2018 LoanMLS, Inc. All rights reserved