Hello friends,
Karl (also a member of this group) and I own and operate a Debt Fund. We lend money to real estate investors who fix and flip houses as well as have accredited private investors inside the Fund that we pay high yield returns to.
We constantly lend money and have about $60K left.
If you are working on a deal or about to and need 60K, please reach out.
We do take 1st lien on properties.
If you need GAP funding, we may provide that but would need a cross-collateral property that is free and clear.
Best,
Eugene
What are your terms typically? Joaquin
Hi Joaquin,
Terms are the following:
Origination Fee: 2 points
Interest Rate: 12.99% APR interest only
Term: 6-9 months
AR LTV: up to 70%
PP: 90%
Rehab: 100%
No prepayment penalty
No tax documents
No income documents
No hard pull of the credit report
Please let me know if you have any questions
Eugene…..will PM you to connect on this. I have a couple for funding. It would be to cross collateralize property as well as the fix and flips are needing the second position lien at this time for gap funding.
Hi Josiah,
sounds good
please call 415.725.0311 or email me at eugene@y2lending.com
Eugene just curious if you got your money working for you yet?
We have a great deal on our hands would love to work with on it.
(361)522-6471