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bcerino
58 Posts |
 Posted - 03/17/2008 : 12:23:54 PM
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| My customer is looking at purchasing a carwash/lube center with land and building. There is also approx $1,000,000 in Goodwill (2.5 X Income) on top of the Land & Building price. who does this type of Loan? Stated Income / Verify Assets. |
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dwallace
588 Posts |
Posted - 03/17/2008 : 12:48:54 PM
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I don't know of any lender that will do this on a stated basis but this type of goodwill/blue sky deal we can do.
Please call me or email with details. |
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ECL
102 Posts |
Posted - 03/17/2008 : 1:54:08 PM
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| I can do the deal FULL DOC only. Between 80-85% LTV. Is it a franchise?. |
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EMScommercial
5138 Posts |
Posted - 03/18/2008 : 4:54:22 PM
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The 'goodwill' part of your scenario may need to be a client held second mortgage....
How much is the purchase price? How much are they putting down?
How do the environmentals look?
Is this branded? (i.e. Shell or Texaco, etc.)
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 300+ entries as of today (lenders, banks, private money, hedge funds, insurance companies, etc.)).
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!! **
Remember... We only get paid when the thing funds!
Thanks! |
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