06-22-2014, 02:09 PM
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It's 42
Industry Role:
Join Date: Jun 2010
Location: Global
Posts: 18,083
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Quote:
Originally Posted by Vendzilla
I know a real good licensed contractor that can do anything, residential or commercial in the LA area.
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We lend on property equity ---- 1st TD's (mortgages) only -- 65% LTV short term -- No Credit Required. We are not interested in taking title to properties -- just lending -- 12 month term or less -- passive investments (loans secured by deed) only. We are principals in most loans. 1st TD purchase money loans are considered too (same LTV). No 2nds no 3rds.
If the deal makes sense we will help him get title, + some working capital up to 65%, maybe 70%, LTV in SoCal. He keeps the profit, we just get the loan interest.
My ICQ and Skype are below ...
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