- 1st TD- $1,359,000
- 2nd TD- $133,250
- 5 Year Term
- Other Lenders MAX LTV was 60%
- INBANET Strategized and Funded at 65% CLTV
- Owner User Property
- Unique Underwriting
- Broker Earned $27,180
Author: Inbanet
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Just Funded – Medical Office in Montebello
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Just Funded Hard Money Loan in Inland Empire with Line of Credit Option
- Gross loan amount $1,000,000
- Net funding $750k
- Available line of credit $250k
- No interest charge on line of credit
- Closed in 10 days from submission
- Referring broker made 15,000
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Just Funded 20 Units in City of Gardena
- $2,400,000
- 3.875% P&I
- 5 year fixed. Amortized for 30 years
- Major bank required earthquake policy which would have killed cash flow.
- Out portfolio investor closed it without earthquake insurance poliy
- Referring broker earned $18,000
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Just Funded In-House Temple in Los Angeles
- $650,000
- 9.875% Interest Only
- 30% loan to value
- 5 year term
- No income. No taxes
- Referring broker earned $9,750
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Just Funded Hillside Land Lot in Hollywood with Inbanet’s In-House Hard Money Program
- $500,000
- Declined by others due to being hillside
- 50% LTV
- 18 month term
- Closed in 7 days
- Referring broker made $10,000
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Just Funded 11 Units in City of Barstow
- $270,000
- Declined by 10+ Hard Money Lenders
- 7.25% Interest Rate
- 15% seller carry allowed
- 63% Occupancy, No problem
- 60% LTV
- Broker Earned $6,750