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Although
I make more "fix and flip" loans than anything else, I will also
consider other types of non-bankable situations nationwide.
Although every deal is different and I do not have a special
"program", most of these loans share certain characteristics:
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Conventional
lenders have turned the deal down for whatever reason but the borrower
has lots of equity.
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The
loan amount is between $100,000 and $500,000
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The
property is non-residential
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That's
it! Don't call me and ask what my rates are because it all
depends on the deal or how much money I have available or how I feel that
day.
It's
obvious thought that you are going to pay plenty. Only people
who have been turned down by the bank call me for these kinds of loans and
you should know that while I may not care about your credit or your
ability to pay my loan back, I will be much tougher than a bank when
it comes to evaluating the collateral offered.
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My
basic attitude when making such a loan is that while I wish you lots
of success in your venture, I do not want to lose sleep worrying whether
or not you paid.
Call
me at 303-816-4420 if you still want to talk to me.
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