6-unit Purchase -Southern CA
Need some pointers for finding a funding source for this plz.
Property is in Southern CA but population count is approx 45,000 - some of the usual multifamily lenders are insisting o 100,000+ population.
6-units, cashflows well.
Purchase price $350,000 - so i'm running into 'no' from a lot of sources that want $500k minimum.
Buyer has 800+ FICO
has history of owning 1-4 residential
Plz point me in the right direction
by cv2004 December 20, 2012 1:12 PM
I may be able to help. I have a principal with an investment pool. conforming rates and can move quickly. He only does CA.
theconsultant4u atgmail dotcom
by ibeforee December 20, 2012 1:18 PM
I'm in a generous mood today. Send me an email and I'll give the contact info for a banker who can help.
by TheMaineEvent December 20, 2012 1:54 PM
If you can't find conventional lending sources to do this for you, I can help you with hard money. Athas Capital Group is a direct, hard money portfolio lender. We use our own money and do not rely on individual investors to fund your deal.
We are located in S. California, and have a running Multi-family pricing special for deals like this.
Initial Loan package includes:
Broker Sub Form
Executed Purchase Contract
Call me anytime if you have questions.
Senior Account Executive
Individual NMLS #290322
Athas Capital Group NMLS #275237
877.877.1477 ext 206 Toll Free
26901 Agoura Rd. #250
Calabasas Hills, CA 91301
by HardMoneyMN December 20, 2012 1:58 PM
We do have a small balance nationwide program, feel free to email over any details.
by 1EquityoneSBC December 21, 2012 11:03 AM