Lender Leads

Comment

Comment by Kim Tucker on May 19, 2009 at 1:15pm

Has anyone tried www.RehabFunding.com need feedback on them.

Comment by Kim Tucker on May 19, 2009 at 10:05am

Have you checked out www.gobignetwork.com, anyone had any luck with them. Kim

Comment by Kim Tucker on February 13, 2009 at 12:41pm

Don't for get all the great lenders on this web site - go to the members page and search for lender, loan officer, mortgage or other lending term and you will find several who may be able to assist you.

Comment by Kim Tucker on February 13, 2009 at 12:40pm

This guy called last night - I think he lends nationwide, but as many of the hardmoney lenders I talk with don't work in KS, he says he does - I also think he brokers for other lenders, not the lender himself.

Kim,

Thanks for taking the time to speak with me this evening.

I am a hard money mortgage broker and also broker
commercial and residential loans.

I work with regional lenders who fund projects in Kansas.

Here are the standard loan terms:

Up to 65% after completed value
12 - 16% interest
4 - 7 points
6 - 12 month term
No pre payment penalty.

They will want credit pulled, at least one year tax return,
comps and an appraisal, rehab plan and licenses of
contractors.

Please contact me for additional information.

Joel Soforenko
Continental Finance Service
799 Sumner Avenue
Springfield, MA 01108
Tel 413-746-3100
Fax 775-251-7977
Eml jfsjd@comcast.net

Comment by Kim Tucker on February 3, 2009 at 1:22pm

Jason Palliser who spoke at MAREI a few months ago is also offering investor loans, www.jasonpalliser.com

Comment by Kim Tucker on February 3, 2009 at 1:21pm

Also be sure to check out the lenders on this messag board. Many are local lenders who do a great job and have been working with area investors and borrowers for years.

Comment by Kim Tucker on February 3, 2009 at 1:21pm

I had a call today from Ben Carmona in St Louis - he sent me an email with some things he might be able to offer. You might give him a call to see what he can do for you:

It's been a tough market everywhere, not just Kansas City. I'm over in St. Louis and have been working this market as well as several across the US, including KC. We spoke several months back and you were networking with Jason so I just let things be as I thought he'd have some sources for you.

I do have several contacts for rehab lenders and local banks in KC that are doing investment loans still. Two will work with out of state buyers.

New investors should be fine with using standard conventional financing. If they have over 4 financed properties then they'll need to go commercial. Part of my services for experienced investors is helping them get out of the residential qualifications mindset. I coach them on debt service calculation, cap rate, executive summaries, personal financial statements...etc. All the info that a banker will be needing from them. Since the sources which I will set them up with require relationship banking we want them to have a great first impression.

Feel free to pass along my contact info. Even better, would be for you to ask them if they mind getting a call from me and you can send their contact info.

Have a great week.

Ben Carmona
314-914-6052 c
866-226-6309 f

Comment by Kim Tucker on January 26, 2009 at 3:03pm

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Call Reed Schweizer today at
239-229-5948
rjschweizer29@gmail.com