Profitable Mortgage Lending Business In Central Fl
Not Disclosed, NA Not Disclosed
Asking Price:
$1,099,000
Annual Revenue:
$737,604
Request More Information Contact the Seller
- RE: Profitable Mortgage Lending Business In Central Fl
- Contact: Chris Redmond
Quick Facts
| Asking Price: | $1,099,000 | |
| Annual Revenue: | $737,604 | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | $143,102 | |
| Total Debt: | Not Disclosed | |
| FF&E: | Not Disclosed | |
| Real Estate: | Not Disclosed | |
| Year Established: | 1991 | |
| Employees: | 1 | |
| BBN Listing #: | 5878630 | |
| Broker Reference #: | 2301391556 |
Business Overview:
It all started 29 years ago, with a group of Real Estate Investors looking for a better and safer return on their money. An Investment Group was formed to fund Investor Mortgages. A multi-pronged and integrated Mortgage Lending Group business is now for sale. It includes a Licensed Mortgage Lending Company managing the Mortgage payments and administering the funding, Loan Payoffs, and Servicing of the loans and accounting. A Mortgage Brokerage Business originating Short Term First Mortgages (STFM) to Real Estate Investors in the Fix & Flip Real Estate Investment Business. And a Lead Generation Platform: A Not-for-Profit Real Estate Educational Seminar Business Sponsored and run by the Mortgage business. Business is extremely profitable (10% ROI) and operates in Central Florida. It has a great Client base and excellent relationships with RE investors, realtors, and attorneys and has strong financials. It has managed to produce a steady stream of secured, high-quality, high yielding, low-risk, and low LTV loans, without ever having had a default in its history. The prospective buyer will need good working capital beyond the asking price to take full advantage of this business and eventually replace the Lending Group using its monies for higher returns. 10 Million Dollars will earn you 1 Million a year! Certified Financials will be provided on request with a bank qualification letter. Please refer to listing # 2301391556 and business broker CHRIS REDMOND when inquiring on this listing.To request more information regarding this listing, simply check the ADD TO REQUEST INFO BASKET button and when you are done searching and have made all your selections, simply click on the REQUEST INFO button at the bottom of the page.
Property Features and Assets:
Home-basedReason for Selling:
RetirementAdditional Details:
- The property is owned.
- The owner is willing to train/assist the new owner.
- This is a homebased business opportunity.
- This is not a franchise resale opportunity
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