Dennis Mangus
Chesterfield, MO (USA)
Role(s):
Founder/Owner/Principal
Mangus Properties LLC
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Startup
Location:
Chesterfield
Industry:
Real Estate
Year Founded:
2007
Number Employees:
1-10 people
Description:
St. Louis, Missouri based purchaser of REO single family homes with 8 properties purchased, renovated and leased. In 2009 plan to purchase, renovate and lease 18 single family homes. Company capital is used for purchase and renovation. Seeking 3 to 5 year 1st. position mortgage loans in the amount of 80% of appraised value after rehab. Present bank discontinuing investor loans during financial recession. Credit score in excess of 700. Will make monthly payments at 8% annual return or yearly interest payment of 10%. All loan secured by real estate. Exit in 3 years or less.