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ofg
12 Posts |
 Posted - 04/09/2008 : 11:46:24 AM
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| 3.5 million Refi, 7 million appraised value, 52% DTI, Commecial Retail Plaza,located in Fresno, Investment, DCSR 1.0 - 1.5, 790 Fico, $51,250 per month income, $200,000 Cash out, Client currently has 6.5% payment at $17,000 per month. He is looking for 30 year, 10 year interest only. (Sorry details changed a little bit, after I just spoke with him) |
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PinnaclePeters
1026 Posts |
Posted - 04/09/2008 : 11:53:35 AM
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| Fully leased and stabilized 90+ days? What type businesses in this plaza? How many tenants and what percentage of the space do each occupy? |
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Agent177
86 Posts |
Posted - 04/09/2008 : 11:53:44 AM
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Contact Ken Phan at Everbank Office: 714.908.5100 x153
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ComLender
1252 Posts |
Posted - 04/09/2008 : 12:13:42 PM
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| Please call or e-mail me a summary on this, sounds like something we can likely do. |
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ccbank
1211 Posts |
Posted - 04/09/2008 : 1:30:44 PM
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If it's a clean deal, triple A property, we will consider it at 1.20DSCR. 75% LTV.
Call me for details. |
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Jordan.Hurley1
45 Posts |
Posted - 04/09/2008 : 2:46:10 PM
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| i would be able to do this shoot me an email jordan.hurley1@gmail.com |
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EMScommercial
4738 Posts |
Posted - 04/09/2008 : 3:05:51 PM
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Are the leases triple net?
Our network of over 325 commercial funding sources which we are direct brokers for (lenders, banks, private money, hedge funds, insurance companies, etc.) - NATIONWIDE ... and Beyond!!! - could be just what you need for such a deal..... (the number changes regularly - adding and removing to meet our clients' needs) to our internal - proprietary database.....
We do all the legwork - finding the lenders interested and getting the documents to them.... receiving the letters of intent and organizing them in sensible order for your clients..... we should work together on your deals.... let's talk!
** We issue a mutual NCND to protect both sides!! **
Eclipse Mortgage Services is the proverbial 'head of the snake'... the end of that broker chain.... next step - the lending source....
We currently have 231 lending sources for this type of property **Retail - Strip Center** in our internal database! This will help us find just the right loan for your client!!
Please contact me asap so we can get this taken care of! Just a note... if you call and I am not available at that time to talk, any one of my highly trained account managers can help you as well.
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
Thank you...
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USMoney
23 Posts |
Posted - 04/09/2008 : 6:39:00 PM
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quote:
Originally posted by ofg
3.5 million Refi, 7 million appraised value, 52% DTI, Commecial Retail Plaza,located in Fresno, Investment, DCSR 1.0 - 1.5, 790 Fico, $51,250 per month income, $200,000 Cash out, Client currently has 6.5% payment at $17,000 per month. He is looking for 30 year, 10 year interest only. (Sorry details changed a little bit, after I just spoke with him)
ofg, if you answer Chris' questions you will get some clear cut responses. We may be able to help but need the initial answers.
Good luck. |
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Mursal97
85 Posts |
Posted - 04/09/2008 : 9:10:43 PM
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| This deal is something my lender will definetly consider. Up to 65% LTV your rates will be in the 6's. We offer I/O options with no lockouts. I can have an approval to you within 24-48 hours from time of submittal. Please contact me directly to discuss this deal and submit. I look forward to hear from you soon. |
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kenvphan
452 Posts |
Posted - 04/09/2008 : 9:30:08 PM
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| I can offer you the best rates and terms in the market today. Give me a call for todays specials. |
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