| Author |
Previous Topic | Next Topic |
|
dfielder5662
65 Posts |
 Posted - 08/28/2007 : 12:46:02 PM
|
My client is in CA. He has an apartment buidling worth $2.4 million. He wants $1.2 million to pay out his sister. Property is 90% occupied and cashflows. 26 unit apartment building with pool in the middle and parking.
this guy wants to close fast. I need a competitive offer from anyone interested. AE's please email me with any specific questions. |
|
Matt W.
2119 Posts |
Posted - 08/28/2007 : 1:46:23 PM
|
What DSCR are you coming up with? Would like to see this if you can go full doc and have a dscr of 1.0+. Please call or email for Par pricing and product programs.
Thanks, |
|
|
ComLender
1266 Posts |
Posted - 08/28/2007 : 3:04:21 PM
|
| Definitely something we can do, please call or e-mail me to discuss pricing. |
|
|
ag957
594 Posts |
Posted - 08/28/2007 : 5:27:26 PM
|
We can close in 5 days or less w/ our direct hard money.
Art at 415-760-2338 or email agilberg2aol.com |
|
|
benzuniga
101 Posts |
Posted - 08/28/2007 : 9:27:04 PM
|
We can get this guy some awesome rates. No need for hard money with those scorse and loan amounts. Rates start at 6-8%, Loan takes about 20-30 days to close. If you want 1-2 week closings we can go hard money route 1-3 year terms 11-14% rates 5 points. Let me know what you have will get you some quick answers. What we need:
-Current Rent Roll and Expenses
-2007 year to date income and expense statement
-digital pictures of the property
-aproximate credit score, net worth, and liquidity of the borrowers .
IF you do not want to bother with the above that we go hard money route. Let me know when you want to get this done.
thanks
Ben Zuniga
Omega Funding, Inc
303-719-0334
www.omegafund.com
|
|
|
rad
1404 Posts |
Posted - 08/28/2007 : 11:03:36 PM
|
quote:
Originally posted by dfielder5662
My client is in CA. He has an apartment buidling worth $2.4 million. He wants $1.2 million to pay out his sister. Property is 90% occupied and cashflows. 26 unit apartment building with pool in the middle and parking.
this guy wants to close fast. I need a competitive offer from anyone interested. AE's please email me with any specific questions.
I will give you the contact info for a lender I found for a GreenPoint fallout that was approved and a day away from docs. They may even accept the Greenpoint appraisal. The crazy thing is the rate is a 1.25% lower. Go Figure. Just email me tomorrow when I'm at the office and send you the details. |
|
|
| |
Previous Topic | Next Topic |
|
