Capital Newsletter Feb 2011

// Posted on Feb 23, 2011 in Capital | WA Capital

 

 

How can our Capital Programs help you?

 

 

Legacy Group Capital, LLC. Stories

Auction Financing

 

Auction Financing

 

Borrower wanted to purchase NOO SFR from online FNMA auction. Auction facilitator required private funds or cash to participate in auction. Borrower secured high bid and made required 5% deposit to hold the property. Legacy Group Capital, LLC delivered documents ahead of schedule and funded remaining balance. Borrower refinanced out of Capital loan using market value walking away with over 100K in equity.

 

 

 

 

Pre-Sale Construction Financing

 

Pre-Sale Construction Financing

Local builder with large plat needed construction financing. The underlying lien holder could not provide funds for construction. Builder had approved presale buyer upon completion. Legacy Group Capital, LLC worked with underlying lien holder to subordinate to our construction loan. Our Capital department loaned 65% of presale amount allowing builder to construct home while reducing overall subordinated land debt.
 

 

 

 

 

 

 

Contact one of our Loan Officers today to see how our Legacy Group Capital can help you on your next unique property financing need.
www.LegacyG.com
 

Examples stated are from Legacy Group Capital, LLC and do not guarantee future scenarios will be approved or have the same outcome as those presented here. This does not constitute a commitment to lend. All loans subject to full underwriting approval and satisfactory appraisal. Program subject to change without notice. Individual(s) listed are employees of Legacy Group Lending, Inc., NMLS ID #4455, AZ #0910245. Affiliated companies: Legacy Group Capital, LLC NMLS #99045, Legacy Group Escrow, LLC License # 540-EA-40580. For state specific licensing information visit www.nmlsconsumeraccess.org/EntityDetails.aspx/COMPANY/4455. 2/2011.