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mizter
80 Posts |
 Posted - 05/07/2008 : 3:06:02 PM
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Looking for a commercial lender who will do a 760K purchase of a commercial building. The buyers have 20% down, but they are looking for a rate in the 7's. If someone can help me out with this I would really appreciate it.
Thanks,
Matt Nelson |
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directcap7
48 Posts |
Posted - 05/07/2008 : 3:18:11 PM
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| Email me I can help you. |
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ktucker
53 Posts |
Posted - 05/07/2008 : 3:40:51 PM
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| We can do this.... is it owner ooccupied or investor? Give me a call or email me the info. |
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kenvphan
452 Posts |
Posted - 05/07/2008 : 3:47:51 PM
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| I can get in the high 6's or low 7's. Give me a call to get started. |
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EMScommercial
5067 Posts |
Posted - 05/07/2008 : 4:07:50 PM
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Sounds very doable.... what is the 'commercial building'?.......... office, warehouse, retail, etc?
If it is income producing and all looks o.k. with the (credit, taxes, income, etc.) borrowers.... then 80% ltv in the 6's shouldn't be an issue....
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 325+ entries as of today (lenders, banks, private money, hedge funds, pension 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!
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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swmsn
4205 Posts |
Posted - 05/07/2008 : 4:11:46 PM
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Your loan amount being $500k+ will put you in the 7%'s with most. As long as your DSCR, credit, and rest of your deal stays strong.
Property type, Stated or Full?, Owner Occ or Investor? What's the DSCR? To name a few questions.
Email me if interested, your KEY is speed. You should kick out a term sheet and get the borrower set to use you not the other guys he is shopping this to. Commercial does not come down to rate. It comes down to many things like terms, PPP, Amortization, features, and above all Trust in who is advising the client.
I look fwd to hearing from you. |
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gman1958
288 Posts |
Posted - 05/07/2008 : 6:31:22 PM
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Shawn,
nice reply...I wholeheartedly agree and if i can help...or if shawn cant help...give me a call.
thanks
quote:
Originally posted by swmsn
Your loan amount being $500k+ will put you in the 7%'s with most. As long as your DSCR, credit, and rest of your deal stays strong.
Property type, Stated or Full?, Owner Occ or Investor? What's the DSCR? To name a few questions.
Email me if interested, your KEY is speed. You should kick out a term sheet and get the borrower set to use you not the other guys he is shopping this to. Commercial does not come down to rate. It comes down to many things like terms, PPP, Amortization, features, and above all Trust in who is advising the client.
I look fwd to hearing from you.
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Mark_GMC
575 Posts |
Posted - 05/08/2008 : 06:39:41 AM
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We have a definite interest in your scenario, though well need a few additional details in order to provide the most accurate pricing and deal terms. Fortunately our online submission form takes only a minute to complete. Please find the link below and call if you have any questions.
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mortgagemessiah
8003 Posts |
Posted - 05/08/2008 : 07:20:18 AM
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| You guys are all over this deal. Business must be way down for all of you. |
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PinnaclePeters
1082 Posts |
Posted - 05/08/2008 : 11:56:34 AM
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quote:
Originally posted by mortgagemessiah
You guys are all over this deal. Business must be way down for all of you.
Not me. I haven't replied to this one.
Ooops...
I guess I have now. |
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service1
284 Posts |
Posted - 05/08/2008 : 10:58:28 PM
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Not hurting for business, but please contact me if an SBA loan may help; you do not state property type. Current rates in the 6's for good credit.
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mcmoney
291 Posts |
Posted - 05/09/2008 : 04:11:57 AM
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quote:
Originally posted by PinnaclePeters
quote:
Originally posted by mortgagemessiah
You guys are all over this deal. Business must be way down for all of you.
Not me. I haven't replied to this one.
Ooops...
I guess I have now.
Ha ha! My sentiments exactly. Oh me! Choose me! Here! I'm here! |
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ComLender
1266 Posts |
Posted - 05/09/2008 : 08:39:54 AM
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| I'd need more information to determine if it's something we could do, but sounds possible depending on the details. Feel free to call or e-mail me if you'd like to discuss it. |
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