Private Money Funding Company Established 37 Years
| Asking Price: | $550,000 |
| Gross Revenue: | $333,714 |
| Established Year: | 1987 |
| Cash Flow: | $287,433 |
| FF&E: | $40,000 |
ESTABLISHED 37 YEARS- WELL-RESPECTED, PRIVATE MONEY FUNDING COMPANY PROVIDING SHORT TERM, INTERIM AND BRIDGE FINANCING FOR REAL ESTATE TRANSACTIONS--CAN BE OPERATED REMOTELY FROM ANYWHERE!
Operating in Florida for the past 10 years, this hard money lender arranges non-bank financing using company and investor capital. Investors receive a high rate of return and borrowers receive a quick loan turnaround time as decisions are made in-house. Typically, there is $15-20M lent out at any given time.
The seller is looking to retire and is open to mentoring and training a new owner during a long term transition, if needed. A buyer would need to be financially savvy, able to evaluate real estate financing opportunities and recruit investors for capital injections. Excellent opportunity for a new owner to invest their own excess cash into private money deals to realize double-digit returns.
Generous Seller Financing offered to a well-qualified buyer. The seller is also open to an "all-cash" offer discounted to $500,000.
Additional details available to interested parties with an executed NDA, PFS and Bio/Resume.
