financing for bulk reo

Financing, Hard Money Lenders, Private Money
1

Hi everyone,

Is there a way to get financing for a bulk reo tape? When I mean financing, I am not talking about the financing the tape from the bank I want to make the purchase from. I am referring to hard money or some other financing source.

Thanks!

2

Hi,

You might find a HML company to do the financing on a tape provided they lend in all the area's you provide on the tape, you have an exceptable percentage of down payment and closing cost's and you can provide exceptable proof of sufficient income to pay on the properties.

         GR
3

Unfortunately, even HML will be reluctant in doing this. Your best approach would be private money. Look into creating a syndication or PPM (private placement memorandum).