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marshallmikesell
37 Posts |
 Posted - 05/13/2008 : 4:47:53 PM
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75-77 Loan to Cost
50-55 Loan to Value
In utah and have a guaranter with 4.5 million in w-2 income.
Who can do this? |
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mortgagemessiah
8003 Posts |
Posted - 05/13/2008 : 5:03:42 PM
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| Possibly. Does they have liquid? |
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marshallmikesell
37 Posts |
Posted - 05/13/2008 : 5:06:15 PM
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yes...1.5 million liquid assets.
Email me if interested at marshall.mikesell@gmail.com |
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marshallmikesell
37 Posts |
Posted - 05/13/2008 : 5:46:55 PM
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| bump |
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sfedgar7
75 Posts |
Posted - 05/13/2008 : 7:33:12 PM
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quote:
Originally posted by marshallmikesell
75-77 Loan to Cost
50-55 Loan to Value
In utah and have a guaranter with 4.5 million in w-2 income.
Who can do this?
We would be interested in assisting you. Contact me with intial questions. |
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shizah
509 Posts |
Posted - 05/13/2008 : 7:46:52 PM
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Marshall,
Could possibly get this deal done. Would need some info. Feel free to contact me.
Thanks,
Mark |
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omegafunding
271 Posts |
Posted - 05/13/2008 : 9:08:52 PM
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We can do it with our sources. If the deal makes sense your borrower will meet with investor in person to discuss. All parties must sign agreements. Call to discuss
Omega Funding, Inc
www.omegafund.com
720-279-4345
quote:
Originally posted by marshallmikesell
75-77 Loan to Cost
50-55 Loan to Value
In utah and have a guaranter with 4.5 million in w-2 income.
Who can do this?
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marshallmikesell
37 Posts |
Posted - 05/14/2008 : 07:47:23 AM
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| We are looking for a rate of no more than prime plus 1. Does that work for anyone? |
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JSKF
223 Posts |
Posted - 05/14/2008 : 09:36:04 AM
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AN ALTERNATIVE TO CONVENTIONAL BANK LOANS
Thank you for your interest in Kennedy Funding, Inc., one of the largest private commercial lenders in the country. We specialize in short term real estate secured loans for many situations, including bridge funding, land acquisition, development and construction, bank workouts, foreclosures and bankruptcies.
At Kennedy Funding, we recognize the importance of speed, and that loans must often be structured around each client’s unique set of financial circumstances. Our program has been providing lightning-fast service and creative funding solutions throughout North America since 1985, and with our international lending program, we have closed loans in Spain, Fiji, Belize, Mexico, St. Croix, and St. Maarten!
KFI’S LENDING CRITERIA
Loans from $2,000,000 to over $100 Million: Domestic and International!
Loan Term: One to five years. No prepayment penalty.
Collateral: Typically commercial real estate. Other fixed assets may be considered in some cases.
Loan-to-value Ratio: Loan amounts can be up to 60% of the value of the collateral.
If the loan is used for construction or renovation, the loan can be funded in stages up to 60% of the improved value.
Interest Rate: Depending upon collateral, rates start at 9%, interest only. In lieu of equity, a Fee of 0-10% may be paid. Rates for international transactions are generally higher than domestic loans.
Minimum Loan Size:1,000,000 in the NJ Tri-State area, $2 million nationwide, and $3 million internationally.
Immediate Response • Flexible Loan Structures • Minimal Documentation
7-10 Day Closings • Brokers Protected
For more information, please contact Jeffrey Silver 1-201-342-8500
Or visit our web site at www.kennedyfunding.com
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mvitasa
63 Posts |
Posted - 05/14/2008 : 10:39:24 AM
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hello,
we might be interested in this. email me at mvitasa@firstbeaconfinancial.com with more info.
thanks. |
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maritime
256 Posts |
Posted - 05/14/2008 : 11:58:27 AM
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backfill or infill in Utah?
private money available.
kglenn@maritimecommercial.com
www.maritimecommercial.com |
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shizah
509 Posts |
Posted - 05/14/2008 : 12:50:11 PM
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Marshall,
Just tried calling you and the number is good. check your email. |
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lenderben
1050 Posts |
Posted - 05/14/2008 : 1:30:23 PM
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I would be happy to take a look at a summary, however our interest rates will start at 12%.
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swmsn
4205 Posts |
Posted - 05/15/2008 : 12:18:41 AM
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Majority of what you find will be 70%ltc as you may already know or have heard as your conversations progress. The stronger your deal is the possibility exist to raise the Ltc. Many Lenders will do this as pre sells or credit tenants lease or give LOI's. This usually happens down the road of the relationship with the Lender or time period of having the loan and certain things in the deal are completed.
Getting a higher ltc can also happen by using certain Hedge Funds. Many of these deals have to be invited by the fund, and are based on strength of the deal.
I did just recently start working with a fund that will do deals 7M+ with 5%-8% down. These guys evaluate a package pretty fast with a yes or no. Rates are great and loan is NO PPP with 5 yr terms.
I have another fund operating very similar for these smaller deals.
Email me and let me see what you have and I'll see what sort of sources I have that your deal can fit into.
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Eqtylndr
36 Posts |
Posted - 05/15/2008 : 06:17:50 AM
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Marshall,
This sounds like a project we can fund for you.
We handle asset based/collateral based lending and Joint Venture scenarios from $500,000.-$500,000,000.
48-72 hour turn around time in some cases.
LTV will be determined after investor reviews collateral.
Our company is focused on working in conjunction with numerous domestic and international capital sources which service a diverse scope of transactions. We are direct to hedge funds, REITS, equity portfolios, private merchant banks, pension funds, and high net worth family offices in U.S., Europe, Asia, Middle East and Dubai.
Types of loan structures:
Bridge Financing
Construction Debt
Junior Debt
Non Recourse Permanent Debt
Mezzanine Debt
Our scope of projects include but are not limited to:
All types of commercial property
Super Jumbo S.F.R. construction
Hotels
Mining operations
Hard asset monetization (gemstones, fine art, etc.)
Golf course Development
Refineries
Raw Land
Please eliminate broker chains PRIOR to contacting us by using your own agreements; we do not issue protection to broker chains. We must talk to the owner of the collateral to close the deal. This is not negotiable. For our broker referral partners we execute a simple Co Consultant agreement splitting fees 50/50 and fund the loan. Just that simple!!
THE BOTTOM LINE: If you have a REAL asset and need a loan we can fund it!
Please feel free to call any time with questions. I look forward to working together.
Sincerely,
M. Dean Miller
President
Pacific Northwest Mortgage Services / Pacific Capital Partners
Direct (425) 427-2969 Fax (425) 427-2876
deanmiller@pnwms.com
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