CLOSE IN 48 HOURS OR LESS! READY TO GET STARTED ON YOUR NEXT DEAL IN SOUTH CAROLINA?
A repeat client/borrower of EquityMax came to us needing money in a pinch. A single individual private lender was supposed to refi a previous purchase the borrower had made cash. However, as closing neared, it was becoming increasingly certain this individual would not be able to close for his client. As the borrower was already prequalified, we were able to quickly close the borrower, with minimal due diligence, in a matter of days.
|RENOVATE, RENT, REFI|
|Location – Greenville, SC|
|Loan Amount – $60,000|
|Purchase Price – $75,000|
|Loan Type – Refinance|
|Term – 12 Months – 17 years (Borrower Option)|
|Rehab Amount – $25,000|
|Actual Retail Value – $120,000|
|Profit – 12% CAP RATE/Monthly|
A client was put in a pinch after his other private lender backed out of the transaction 3 days before closing. Not wanting to deal with a large, corporate hard money lender, the borrower called us for a potential quick closing. We were able to successfully underwrite, close, and fund the deal in 3 days. Currently, the property is being used as a rental earning a great return, and the borrower is in the process of refinancing into a long-term, traditional loan. It just goes to show that even a rental property can be a proper opportunity for utilizing hard money financing.
The blend of a mild climate, beaches, ports, a highly-skilled workforce, and a friendly business environment make South Carolina favorable for families, young professionals, and retirees.
Affordability & Profitability
South Carolina’s median home value price is less than the national average and ROI for real estate investors is very high compared to the rest of the country.
Strong Economy & Housing Demand
Nearly 90 families move to South Carolina every day and businesses in a variety of industries such as technology, manufacturing, and automotive are growing in Charleston and other cities around the state.
I met Greg locally in Greenville, and gave EquityMax a shot on a recent deal. I’m so glad I did. They were prompt, transparent, and closed with ease. I am now on my 4th deal with EquityMax, and always look forward to working with them.
High LTV / Low Rates / Flexible Term
Minimal Insurance Requirements
Zero Prepayment Penalty
ZERO Credit or Qualification Requirements
No Personal Guarantee Required
Free Comparable and Repair Analysis
Catering to Real Estate Wholesalers
1-3 Day Funding
Minimal Notice to Close
Invest through a Self-Directed IRA or Solo 401K
Net Proceeds from Investing are Tax-Deferred
No Personal Guarantee
EquityMax is a proud member of Upstate CREIA, which meets the third Monday of every month in Greenville. EquityMax has been one of the preferred lending partners of the investment association for over a year, servicing loans throughout the northeastern part of the state as well as into Spartanburg.
EquityMax lends on any form of residential property, including single family homes, 1-4 multi-unit properties, condominiums & townhomes, and even small apartment complexes (20 units or less). We also lend on commercial property and industrial warehouses.
EquityMax can send a borrower a Proof of Funds within 5 minutes of receipt of an acceptable, three-score credit report. If a borrower does not have a recent report, he/she can request that Equitymax pull it. For instructions, please click here.
Yes. EquityMax has multiple borrowers with several active loans in our portfolio.
EquityMax does not require our borrowers to be a Corporation of LLC. We can originate loans to individuals, LLCs, Corporations, Land Trusts, and Self-Directed IRAs.
We do not restrict ourselves to where we finance. However, we have found a fair amount of opportunities exist for our borrowers in the Upstate area of Greenville and the center part of the state near Columbia.
No, EquityMax will certainly finance large acreage plots and farmland, which tend to be in more rural parts of South Carolina.
Yes, EquityMax realizes that every investor has a budget they work with for investing, and it may not be on a property in the hundreds of thousands of dollars. That’s why EquityMax offers loan amounts as little as $25,000, on refis or purchases.
While EquityMax is not a licensed real estate broker in South Carolina, we have partnered with several real estate companies, wholesalers, etc… that are actively selling real estate in your area. Feel free to reach out to us and we will connect you with various sellers of real estate throughout South Carolina.