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jeffwenzel4263
65 Posts |
 Posted - 01/28/2008 : 06:57:32 AM
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Please let me know if you can help!!
Jeff Wenzel
Sr. Mortgage Banker
Manhattan Mortgage Group
888.569.1901 x1740(Main)
813.569.1740(Direct)
877.744.6612(Fax)
jwenzel@manhattanmortgagegroup.com
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mortgagemessiah
8003 Posts |
Posted - 01/28/2008 : 07:05:17 AM
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| If you can find someone to do it, they'll won't do above a 60% LTV. |
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EMScommercial
5138 Posts |
Posted - 01/28/2008 : 11:06:03 AM
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Steve is right.... That ltv is not realistic.... Depending on the exit strategy of the borrower - we may be able to find ltv higher than 60%.... but 50-60% ltv is a good rule of thumb....
Just so you know... we have 111 direct lending sources in our database that will fund commercial land....
Please let us know if we can help you with your commercial scenario(s) - I'm sure that if there is any financing options for your clients out there, we can find it in our vast internal database of commercial lending sources of which we are direct brokers for (currently stands at 250+ entries as of today (lenders, banks, private money, hedge funds, insurance companies, etc.)).
Thanks! |
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