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suddi1
3 Posts |
 Posted - 04/08/2008 : 1:45:39 PM
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commercial property worth 1,750,000 million, 790 fico, cash out 1,000,000 to buy out partners. owes 325,000 on the retail building. could go full doc, but wants SIVA. LTV is at 65. He wants a rate of 6.5! who can do that?
Other lady, has no MTG worth 450,000 wants 125,000 K cash out SISA fico is 617. Who can do this Maryland property? 25 percetn ltv
call sam
7036521500 ext 1519
240 793 2217 cell
Innovative Mortgages |
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kenvphan
452 Posts |
Posted - 04/08/2008 : 2:09:22 PM
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| I can do both. Give me a call for this weeks specials. |
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EMScommercial
5052 Posts |
Posted - 04/08/2008 : 4:42:05 PM
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On the commercial property....
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 202 direct lending sources marked in our database which will fund on this type of property - some who will consider working the loan as 'stated'.... *****RETAIL*****
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 325+ entries as of today (lenders, banks, private money, hedge funds, insurance companies, etc.)).
Remember... We only get paid when the thing funds!
Hyperlink to our page for submissions - very straight forward and simple - http://www.eclipsemortgageservices.com/body_contactme.php - we will instantaneously receive word of you submission and one of our account managers will be assigned and within one business day, you will be contacted and we can start the process!
Check out our BASIC RATE/TERM sheet to get an idea if your scenario is 'in the ball park' and then contact us to start the ball rolling to get specific numbers for your loan! http://www.EclipseMortgageServices.com/aaaaaEMS_ratesheet.pdf
Thanks! |
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Mark_GMC
574 Posts |
Posted - 04/08/2008 : 7:00:16 PM
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| Would like to take a look at this one for you and your client. Please see below. |
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GlennP
160 Posts |
Posted - 04/08/2008 : 8:14:27 PM
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I might be able to help you out with the commercial loan and be around the 6's in rates. Call or e-mail me for all the details I will need to send out a commitment for this, thanks.
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ComLender
1266 Posts |
Posted - 04/09/2008 : 12:11:11 PM
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| On the first deal, if there's any chance the business financials support the loan, let me know. |
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Jordan.Hurley1
59 Posts |
Posted - 04/09/2008 : 2:47:45 PM
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| shoot me an email jordan.hurley1@gmail.com thanks |
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