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robertvictor
46 Posts |
 Posted - 02/21/2008 : 3:04:45 PM
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I've tried doing this through Interbay and the appraisal was shot down. We're looking at doing a 65% loan stated on an individual. The property was deeded 6 months ago to the LLC and a member on the LLC has poor scores, killing the deal altogether.
The retail center consists of a itialian restaurant, coffee shop, fine wine/cheese shop, the county's newspaper, and the chamber of commerce's meeting office. 5 out of the eight spots are leased out and the DSCR's are looking great. Grand opening is in March.
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SJL commercial l
150 Posts |
Posted - 02/21/2008 : 3:10:45 PM
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| you have mail! |
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mortgagemessiah
8003 Posts |
Posted - 02/21/2008 : 3:21:15 PM
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| Where is it? |
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GlennP
161 Posts |
Posted - 02/21/2008 : 3:26:58 PM
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I might be able to help you out on this. Check your e-mail
Colonial Pacific is a commercial wholesale lender (no lender or application fees) servicing all 50states with stated, full doc, and flex full doc products.
Glenn Prieto
Account Manager
Colonial Pacific Financial, Inc.
Direct: (305) 439-9434 | Fax: (305) 396-5665
gprieto@colonialpacificfinancial.com
http://www.colonialpacificfinancial.com
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dkendall1979
10342 Posts |
Posted - 02/21/2008 : 4:27:25 PM
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Is this the new lunar space station on the moon?
I couldn't tell since you didn't indicate what or where it was. |
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djones2008
41 Posts |
Posted - 02/21/2008 : 4:30:51 PM
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Give me a call. I know how we can structure this out for you. Need a little more info to get the details down.
Thanks Dean Jones 941-748-2525 |
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Mark_GMC
579 Posts |
Posted - 02/21/2008 : 6:34:32 PM
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| We've got a program that might be right up your alley. I've sent you an email direct, but also have more info on next steps below. |
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INTEGRITY FINANC
646 Posts |
Posted - 02/21/2008 : 7:43:03 PM
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I can help you with your Commercial Loan!
Email your 1008, 1003 and credit report to psadhu@ifgloans.com for pricing.
Integrity Financial Group is a Nationwide Commercial Lender, Integrity currently has a Residential / Commercial Hard money Program in California only.
Patrick Sadhu
Wholesale Account Executive
INTEGRITY FINANCIAL GROUP
Tel. 916-343-7559
Fax. 916-409-0753
Email: psadhu@ifgloans.com
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ccbank
1321 Posts |
Posted - 02/22/2008 : 09:58:02 AM
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| IF in California, call me. |
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EMScommercial
5138 Posts |
Posted - 02/22/2008 : 4:34:10 PM
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That can get done it sounds like....
You may not need to go 'stated'.... stated in commercial and residential are much different anyway.... stated in commercial would probably be considered 'light doc' in residential because just because of a 700 credit score the client doesn't get away with not showing documents needed to prove that they have the ability to repay the debt....
If they do or don't need stated we have 171 direct lending sources marked in our database which will fund on this type of property - many who will consider working the loan as 'stated'....
Eclipse Mortgage Services is the proverbial 'head of the snake'... the end of that broker chain.... next step - the lending source....
** We issue a mutual NCND to protect both sides!! **
Please let us know if we can help you - 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 broker for (currently stands at 300+ entries as of today (lenders, banks, private money, hedge funds, insurance companies, etc.)).
Remember... We only get paid when the thing funds!
Thanks! |
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Bruce@Met-West.c
256 Posts |
Posted - 02/25/2008 : 07:37:28 AM
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We may be able to help. We some times get loans through where other do not.
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danielk369
423 Posts |
Posted - 02/25/2008 : 08:29:12 AM
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| Please call or e-mail me in regards to this scenario, so far this sounds like a clean deal, and we shouldn't have any problems with this. I need some more details though, |
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knagi
374 Posts |
Posted - 02/25/2008 : 11:03:55 PM
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Please contact me with any current loans you may need our assistance.
**Our minimum FICO requirement is 600 on both stated and full doc programs
**Our minimum loan amount is $100,000 and maximum of $2,000,000 on stated and $6,000,000 on full-doc
**Our maximum LTV on stated is 85% and 90%CLTV the maximum LTV on full doc is 85% on selected properties
I am encouraging you to use these great rates and discounts to your advantage ……
***No up front fees
*** No Origination
***Fast Closings
***low rates
*** will pay up to 2% YSP
All I need to process this file and give you a pre approval
** 1003
** Credit Report
** 2 yr tax returns (Personal and Business) only if we are going full-Doc
Sincerely,
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