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.
60% LTV; C/O Refi of a N/O/O
California
Our borrower used the proceeds of our mortgage loan against his N/O/O investment property to make...
VIEW DETAILS »
Price:$192k
UPB%:100%
Rate:8%
LTV:60%
YTM:N/A
36% LTV; C/O Refi on a
California
Our borrower is an entity that used the proceeds of our very low loan-to-value mortgage loan to...
VIEW DETAILS »
Price:$185k
UPB%:100%
Rate:7%
LTV:36%
YTM:N/A
61% LTV; C/O Refi of a N/O/O
California
Our borrower used the proceeds of our relatively low loan-to-value mortgage loan against her N/O/O...
VIEW DETAILS »
Price:$365k
UPB%:100%
Rate:6%
LTV:61%
YTM:N/A
1st position residential
Pennsylvania
Reperforming 1st that will offer the buyer of this note a nice yield!
VIEW DETAILS »
Price:$26.0k
UPB%:83%
Rate:8%
LTV:37%
YTM:14%
29% LTV; Comm. Property in
Texas
Very strong borrower, put down $700,000 against original $2.6MM note to prepare for commercial...
VIEW DETAILS »
Price:$1.9M
UPB%:100%
Rate:6%
LTV:29%
YTM:6%

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