Broker Outpost Mortgage Forums
Home | Recent Discussions | Register | Login | Mortgage Broker Directory | Mortgage Reference Library
 All Forums
 Mortgage Brokers
 Mortgage Brokers
 Search for: Construction Loan, condo AZ.
Related tags: [, , ]
Author Previous Topic  |  Next Topic  
tcsearth

47 Posts

Posted - 01/14/2008 :  10:14:21 AM
Construction loan for condos

19 units, central phoenix prime location

appraised at 6 mil, cost approach at 4.5 mil. currently it is raw land.

looking for 60% ltv, has a 750 fico.

have a small bank already approved the loan, but some technical issues that one of the UW is giving us a hard time.

If anyone is interested, or could point me at the right direction that would be appreciated.

thanks!
NUdall

80 Posts

Posted - 01/14/2008 :  1:20:03 PM
You have mail!
jskolnick

199 Posts

Posted - 01/14/2008 :  3:44:18 PM
Jay,

We can do land loans.

We are commercial mortgage brokers.

We can arrange any type of asset based lending. From lines of credit to accounts receivable, purchase order, equipment financing to real estate. We maintain relationships with a variety of different banks. This gives us the ability to offer the best terms for loans from $500,000.00 and up. Loans can be submitted through our web site, www.greenmountainfs.com, via e-mail to greenmountainfs@gmail.com or call us at 516-596-1456.

Jerry Skolnick
Green Mountain Financial Services, Ltd.
KHufford

4303 Posts

Posted - 01/14/2008 :  4:07:15 PM
I am here local and would like to assist you with this: We have sources for this and have similar deals in the works.

My commercial group here in PHX contact is below:

Kyle S. Hufford
Analyst
MJM Capital Group, LLC
2555 E. Camelback Rd., Suite 160
Phoenix, AZ 85016

Mobile. 480 628 1943
Office. 602 244 4840
Fax. 602 244 4842
Email. KHufford@MJMCapitalGroup.com
Website. www.mjmcapitalgroup.com
  Previous Topic  |  Next Topic  
 Related Topics


What happens if the lender finds out there is a (Members)
Construction Management Besides the underwriting guidelines detailed above, most lenders attempt to mitigate their risk in a variety of ways. The first involves due diligence on the general contr ...

http://forum.brokeroutpost.com/loans/forum/2/231810.htm(Replies: 3)
Related tags: []

Construction Loan, Queens NY, 70LTC (Members)
I had this in with a lender and they denied it only because the borrower does not have experience with construction. The borrower does have plenty of experience in operating the property and has othe ...

http://forum.brokeroutpost.com/loans/forum/2/224579.htm(Replies: 1)
Related tags: [, , ]

Construction Loan Needed (Members)
Full Doc...663 Fico on the primary...728 on the co-borrower...back end ratio will be around 45....Cost to build the home is $318,000. Land on which the house sits is free and clear and worth $50,000 ...

http://forum.brokeroutpost.com/loans/forum/2/222121.htm(Replies: 1)
Related tags: []

Recent Loan Officer Chat © Copyright 2006,2007 - Broker Outpost LLC. All Rights Reserved. Subscribe to the Forum Topics via RSS Go To Top Of Page
This page was generated in 0.41 seconds.
Mortgage Brokers | Mortgage Newsletter | | Sponsors | Advertising Info | Reference | Snitz Forums 2000