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NoLendingFees
3 Posts |
 Posted - 05/08/2008 : 07:37:17 AM
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I'm in the process of placing a commercial loan on a property in Washington DC.
Here are the particulars on the commercial property:
Borrower is seeking a cash-out refinance in the amount of $1,080,000
Current value of property is $1.8 mil - $2 mil and balance is $705,000.
Proceeds will be used as follows:
$705k - Payoff First Mortgage
$200k - Replace monies used for rehab and final balance to contractors
$20k - Finalize PEPCO installation of new meters (Phase 3 Upgrade)
$75k - Payment reserve for 12 months (Half of Monthly Payment)
Balance of Proceeds Can Be Used For Closing Costs
I can send over complete package for review if above scenario is feasible. Please provide your company name, contact and website for review if responding. Prefer direct lender/AE.
With Best Regards,
Tony Taylor
NoLendingFees.com
ttaylor@NoLendingFees.com
M. 202-904-0079
This e-mail, including attachments, is intended for the person(s) or company named and may contain confidential and/or legally privileged information. Unauthorized disclosure, copying, or use of this information may be unlawful and is prohibited. If you are not the intended recipient, please delete this message and notify the sender. |
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cpfcoello
27 Posts |
Posted - 05/08/2008 : 07:46:55 AM
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Tony,
This loan sounds like something we might be willing to do, if you would like, send me over the information. |
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gcaron05
236 Posts |
Posted - 05/08/2008 : 08:07:31 AM
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quote:
Originally posted by NoLendingFees
I'm in the process of placing a commercial loan on a property in Washington DC.
Here are the particulars on the commercial property:
Borrower is seeking a cash-out refinance in the amount of $1,080,000
Current value of property is $1.8 mil - $2 mil and balance is $705,000.
Proceeds will be used as follows:
$705k - Payoff First Mortgage
$200k - Replace monies used for rehab and final balance to contractors
$20k - Finalize PEPCO installation of new meters (Phase 3 Upgrade)
$75k - Payment reserve for 12 months (Half of Monthly Payment)
Balance of Proceeds Can Be Used For Closing Costs
I can send over complete package for review if above scenario is feasible. Please provide your company name, contact and website for review if responding. Prefer direct lender/AE.
With Best Regards,
Tony Taylor
NoLendingFees.com
ttaylor@NoLendingFees.com
M. 202-904-0079
This e-mail, including attachments, is intended for the person(s) or company named and may contain confidential and/or legally privileged information. Unauthorized disclosure, copying, or use of this information may be unlawful and is prohibited. If you are not the intended recipient, please delete this message and notify the sender.
We would be interested in this one. Contact me. |
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privatelender4u
151 Posts |
Posted - 05/08/2008 : 08:37:41 AM
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| We might be able to help. Call me at 407-590-4109. THank you |
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jdesimone
380 Posts |
Posted - 05/08/2008 : 09:48:18 AM
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think we can help you give us a call.............(CLI) offers many different types of financing from Hard Money to Wall Street, we do it all, we are Commercial Mortgage Brokers and (that’s’ all we do!).
If you are searching for an outlet (no matter how hopeless) for your commercial loan, call today at 877-777-2450 ask for Linda or Jim or email at Jevangelista@mecommercial.com |
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Mark_GMC
526 Posts |
Posted - 05/08/2008 : 10:08:48 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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Mursal97
85 Posts |
Posted - 05/08/2008 : 11:20:23 AM
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| I would be interested in having my underwriter take a look at this one. Please forward me your package via email or fax. Approvals are at 48 hours right now. Please check out our website at www.nwclender.com |
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privatelender4u
151 Posts |
Posted - 05/08/2008 : 11:22:43 AM
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| Please email the detail at privatelender4u@gmail.com . Thank you |
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joe313
578 Posts |
Posted - 05/08/2008 : 11:24:23 AM
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Tony,
This sounds like th kind of deal I like to lend on. Give me a call or e-mail and we can discuss it further.
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EMScommercial
4700 Posts |
Posted - 05/08/2008 : 11:48:09 AM
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Tony.... welcome online.....
Why do you need to go hard money?
Are there any curren leases? Rent rolls? DSCR?
How long has borrower owned property?
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 263 lending sources for this type of property **Office** 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...
(please look for my email.... )
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eblossman
5 Posts |
Posted - 05/08/2008 : 2:13:53 PM
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I may be able to help you with this one..
Need more info.
Call or email to discuss
Eric Blossman
First Beacon Financial
eblossman@firstbeaconfinancial.com
818-326-2217 |
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levidiangroup
2 Posts |
Posted - 05/21/2008 : 9:03:45 PM
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Business owner or a broker we do hard money / private lending
COMMERCIAL PROJECTS ONLY.
For non-conforming borrowers:
We have access to 100+ private lenders
We have developed exclusive relationships with a small group of
private lenders, hedge funds, institutional money
for special circumstances or mega deals.
500K to 100M
WE ARE PROFESSIONAL. WE CLOSING COMMERCIAL DEALS.
WE KEEP IT SIMPLE.
Competitive terms and rates
Immediate and candid feedback - everyone’s time is important
Qualify in 24-48 hours
Close in weeks
Contact info:
Joe Griffin
Levidian Group LLC
levidiangroup@gmail.com
mobile: 248.640.7223
www.levidiangroup.com
quote:
Originally posted by NoLendingFees
I'm in the process of placing a commercial loan on a property in Washington DC.
Here are the particulars on the commercial property:
Borrower is seeking a cash-out refinance in the amount of $1,080,000
Current value of property is $1.8 mil - $2 mil and balance is $705,000.
Proceeds will be used as follows:
$705k - Payoff First Mortgage
$200k - Replace monies used for rehab and final balance to contractors
$20k - Finalize PEPCO installation of new meters (Phase 3 Upgrade)
$75k - Payment reserve for 12 months (Half of Monthly Payment)
Balance of Proceeds Can Be Used For Closing Costs
I can send over complete package for review if above scenario is feasible. Please provide your company name, contact and website for review if responding. Prefer direct lender/AE.
With Best Regards,
Tony Taylor
NoLendingFees.com
ttaylor@NoLendingFees.com
M. 202-904-0079
This e-mail, including attachments, is intended for the person(s) or company named and may contain confidential and/or legally privileged information. Unauthorized disclosure, copying, or use of this information may be unlawful and is prohibited. If you are not the intended recipient, please delete this message and notify the sender.
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commercialanswer
22 Posts |
Posted - 05/22/2008 : 07:32:47 AM
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If you haven't found a home for this one yet, give me a call.
Direct Lender
Visit our website at www.firstbeaconfinancial.com
Eric Blossman
eblossman@firstbeaconfinancial.com
818-326-2217 |
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