IN NEED OF REPAIR?
D I S T R E S S E D P R O P E R T I E S
We work with private lenders to buy distressed properties at deep discount usually, we acquire these properties at a percent because they are in need of repair.
ABOUT SILVER HOUSING
Silver Housing Solutions, LLC is a local real estate solutions, company based in Miami, FL. We are a family owned business with a core value of helping homeowners solve their problems and providing unique solutions to potential homeowners with credit problems as well.
Our unique position of having a good construction team enables us to rehab the properties and sell them at a competitive price. We make home ownership affordable because our mortgage origination process makes it easier and quicker to close.
C.E.O of Silver Housing Solutions, LLC
Silver Housing Solutions, LLC is a Florida registered Corporation in good standing with the state.
Our primary business is buying and selling houses as well as business and mortgage notes. We buy houses that are in need of repair at discount prices. We fix up these houses using our team of real estate professionals which includes; contractors, appraiser, realtor, mortgage broker and closing attorney. The type of properties we are interested includes; single family homes, duplex and small unit apartments.
We raise capital through individuals who are interested in earning a higher rate of return for their money. We pay a competitive interest rate to our lenders and their loan is secured by the property. Documents we provide to our lenders include; Promissory Notes, Recorded mortgage, Title Insurance, Fire Insurance and Appraisal. The principle and interest are paid to the lenders at closing when the property is sold. Silver Housing Solutions, LLC may pool funds to satisfy our funding requirements. The scope of our operation is limited to the State of Florida. The term of the loan is sixty months duration. Interest payable on accrual basis. There is no penalty for early withdrawal provided 45 days request is given by the lender. We reserve the right to return the lenders money before the sixty months duration or whenever the house is sold.
Our business strategy is to sell the houses to the public by creating a private mortgage notes. We underwrite the loans with flexible and favorable terms compared with banks and mortgage companies.
We operate our mortgage note business locally in South Florida and nationally. We buy 1st lien performing and non performing mortgage notes.