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myvision
58 Posts |
 Posted - 05/01/2008 : 12:32:41 PM
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Hey peeps,
I have a 16 unit owner occupied MF in CA, borrower with a 800 fico $1.8MM loan amount at 55% LTV in CA. Looking for the best par rate on an I/O.
Thanks,
Kevin
310.878.2318
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andersonloans
96 Posts |
Posted - 05/01/2008 : 2:52:24 PM
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| Could offer a good rate in the low 6's or better. But, no par loan. 1 point fee. If this could work give me a call or e-mail me. Thx |
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Mursal97
85 Posts |
Posted - 05/01/2008 : 4:21:04 PM
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| We are a wholesale lender lending nationwide. I have a few programs available for this loan scenario. The one with rates in the 6's comes with a 1 pt commitment fee payable at closing. Our upfront costs are $1500 + appraisal cost. I can have an approval out to you within 48-72 hours from time of submission. Please contact me to submit. I look forward to hearing form you. |
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ccbank
1351 Posts |
Posted - 05/03/2008 : 09:37:43 AM
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| no up front fees here. Absolutely free to get prequalified. |
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kenvphan
452 Posts |
Posted - 05/05/2008 : 10:14:38 AM
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5/1 a@ 5.97%
7/1 a@ 5.95%
10/1 @ 6.09%
30 year amort. p&i only no i/o.
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gman1958
294 Posts |
Posted - 05/05/2008 : 10:33:01 AM
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Kevin,
I can probably get you rates in the low 6's, but would definitley need to see the deal to be sure. It seems like this is a very doable deal, but as we have all found out..there is not easy deal anymore!
please contact me to discuss!
thanks
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EMScommercial
5141 Posts |
Posted - 05/05/2008 : 10:50:10 AM
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In the sixes.... get multiple quotes to present to the borrower so that he/she can make a strong decision....
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 254 lending sources for this type of property **Multi Family** 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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drdebt
33 Posts |
Posted - 05/05/2008 : 10:56:19 AM
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Have you ever done a commercial loan? - Does this property have any Rent Controlled units?
It's kinda silly to quote rates without knowing anything about the property or the borrower. You welcome to drop me a line if you want to chat briefly about it. I'm not a "wholesale lender" just a lowly commercial mortgage broker.
JON
(858) 458-1448 |
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stuartg_
57 Posts |
Posted - 05/05/2008 : 3:37:26 PM
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In regards to your posting, here is what we can generally do:
Brinkabar participates in the following types of financing domestically and internationally:
Accounts Receivable, Bridge Loans, Corporate Restructuring, Corporate Working Capital, Import-Export, Intermediate Term Lending, Inventory, Leasing, Leveraged Buyouts, Machinery and Equipment, Management Buyouts, Mezzanine, Participations, Real Estate, Recapitalizations, Refinancing, Tax Exempt
Real Estate-
Acquisitions and Development:
Hotels, Condos, Residential Subdivisions, etc.
Raw Land Development up to 75% LTV
Construction up to 95% LTV
Income-Producing:
Apartments, hotels, offices, agricultural, industrial, multi-use
Up to 85% LTV
Mergers and Acquisitions (business-related)-
Up to 90% LTV
Size- $1-500M
Please send me basic info such as summary, use of funds, financials on project and buyer and I should be able to give you a prompt answer.
Very Best,
Stuart G Lewis
Managing Director
Brinkabar, Inc.
9595 Wilshire Blvd., Suite 900
Beverly Hills, CA 90212
310-300-8463 Tel
310-496-0588 Fax
slewis@brinkabar.com
www.brinkabar.com
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PinnaclePeters
1122 Posts |
Posted - 05/05/2008 : 4:06:17 PM
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quote:
Originally posted by drdebt
Have you ever done a commercial loan? - Does this property have any Rent Controlled units?
It's kinda silly to quote rates without knowing anything about the property or the borrower. You welcome to drop me a line if you want to chat briefly about it. I'm not a "wholesale lender" just a lowly commercial mortgage broker.
JON
(858) 458-1448
Actually, with a Multi-Family property at that LTV, loan amount, occupancy and credit score it's very easy to quote a rate.
If it fits the matrix, that's the rate.
Simple.
It's those confounded conforming programs that get so convoluted that rates are influenced by the borrowers zodiac sign and salad dressing preference.
The current trend is towards simplification. After all, this isn't rocket surgery or brain science...
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Mark_GMC
579 Posts |
Posted - 05/05/2008 : 6:50:21 PM
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| We've got a definite interest in your scenario and would love to find out more about it order to give you accurate pricing. Please see below for our quick, online submission form. After completing, our commercial VP will review your deal and get back to you within 24 hours with next steps. Thanks and we look forward to working with you! |
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