I am Director of Investments for Vesta Equity and have more than 20 years experience in the commercial and mortgage banking industries. My career includes underwriting, analyzing and originating loans on a wide variety of property types including multifamily, retail, office, industrial, hospitality, condominium and land development. I have also been active in the acquisition of investment properties of all types.
Which Best Describes You? (Pick All That Apply)
Large Investor =>100K, Hard Money Lender, Direct Lender, Project Funding Facilitator, Professional
What Do You Need
I need investors, developers, or others who require bridge financing (6 months to 24 months) for the acquisition, refinance, or recapitalization of real estate deals/projects in Florida and the Southeastern United States. We are also seeking opportunities in Florida (particularly Southwest Florda) to purchase distressed assets. We will only consider truly outstanding opportunities on the purchase side.
What Do You Offer
We offer bridge financing. All loans are portfolio loans and financed with 100% cash (no leverage). Loans are underwritten and closed quickly. We will also purchase distressed assets within our market area. Again, we offer quick, all cash, closings.
Hi Jay. We're both members of the Networking For Business Professionals group here on CREPIG. I'm a broker in NYC specializing in Manhattan, Brooklyn, and Bronx properties if I can be of assitance to you in the future.
The best source for bulk inventory of that type is www.newcondosonline,com. They are currently overwhelmed with inventory and I'm sure you can make a deal there even though they are a retail organization. If you would like a copy of our current Bulk REO/NPA Inventory list please email me at firstname.lastname@example.org and I will return it to your email address along with our compliance documents. Our list is only the inventory of our six direct Banks and therefore will change weekly. Although the title holders of the NPA inventory may have their property up for sale we do not market other inventories.
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If I can come to you with 80-90% of the equity requirements from an institution, can get a bridge from you for the balance of the equity and under what terms?