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  • Any collateral-based lenders out there?

    I am trying to help an associate find a match for this deal:

    - Seeking $850k
    - Weak personal credit (fico 620 +/-)
    - A++ real estate with $3.2mil in clean equity
    - Will be secured as 2nd position
    - 10% with Interest only payments
    - 5 year term (10 desired but 5 minimum)
    - 1st year paid in advance
    - No early payoff penalty after 1st year
    - No lates, ever, on existing 1st
    - Will pay a 5% fee to dealmaker if full $850k is obtained, 3% otherwise.
    - Purpose of funds: Business launch/expansion
    - Not looking for complex terms/stips/loops, just a clean deal.
    - Close by June 10th

    If anyone knows who can do deals like this please email me dwilliams@ddradio.com

    Thanks.
































































































































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