Why Successo Funding?
Successo Funding is a Real Estate solutions company located in Port Saint Lucie, Florida that specializes in buying and selling homes and provide Private Money lending to investors Nationwide.
In a typical Private Money lending scenario, a private individual or company will create a loan and use their private funds to loan money to real estate investors. The promissory note will define the amount ,the interest rate and the term-length of the loan, among other things. The lender gets a lien against Real Estate investment property which acts as security or collateral for the loan. The borrower makes regular payments to the lender and repays the loan according to agreed terms.
When purchasing investment property ,securing the best deal sometimes requires a borrower to act fast and close quickly. When you’re looking for a lender to assist you in financing your purchase, it may not be reasonable for you to wait for a lengthy process as with traditional banks. In addition, if you’re seeking funds to fix and flip, traditional banks are reluctant to loan money that requires repairs.
Private Money lenders have few requirements, can close fast and offer flexible loans. Banks use the borrower’s Fico Score to determine Risk where as the Private Money lender will use the After Repair Value to determine Risk. Other factors include the purpose of the loan and the length of the loan. The Fico Score is pulled to determine the Rate and is based on the borrower’s payment history and experience.
Borrower must be registered as a business entity. We loan on Non-Owner Occupied, SFR (1-4 units), Acquisition, Cash Out, Refinance, Rehab, Commercial, Mixed Use, Multi-Family and more! We can also assist you with finding GAP Funding.
David Caracappa, CEO
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We are focused on improving neighborhoods and redeveloping the areas where we work.
Our Company buys, sells and rents homes. Whether you’re looking to sell your existing home or investment property or are looking to buy your forever home or a new investment, our goal is to find a solution that works for both of us. We approach every transaction with the utmost professionalism and care and are dedicated to closing your transaction in the way that’s best for you.
Although I am a Referral Agent, I will not be acting as your Real Estate agent or broker if I buy your house, sell you a house, or rent a home to you. I am excited about working with you directly OR with your agent or broker if you are currently represented by one. If you need a Real Estate agent I can assist to find you one, or if you have additional questions on agencies please contact your local real estate commission.