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diamondlm
75 Posts |
 Posted - 05/15/2008 : 1:01:25 PM
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Utah
looking for 27 million
value well over 60 million
borrower has over 50 million in collateral
borrower has over 5 million of his money already in
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samwillsonbiz
188 Posts |
Posted - 05/15/2008 : 1:08:56 PM
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quote:
Originally posted by diamondlm
Utah
looking for 27 million
value well over 60 million
borrower has over 50 million in collateral
borrower has over 5 million of his money already in
Email sent, this deal sounds familiar. |
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EMScommercial
4688 Posts |
Posted - 05/15/2008 : 1:13:53 PM
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I agree with sam....
But...
The value mentioned... it appears to be an estimate... is that so?
Is this a purchase of the land and then developing?
Is the borrower your direct client? How readily available are the needed documents?
What part of UT?
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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lenderben
1041 Posts |
Posted - 05/16/2008 : 06:57:40 AM
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too much exposure for us on land in today's market. Be careful of large upfront fees on this one. It is a prime opportunity for somebody to come by with promises and take 3% upfront.
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EMScommercial
4688 Posts |
Posted - 05/16/2008 : 06:59:09 AM
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| Ben has a point.... An up front fee of around 1% would not be uncalled for, but any more than that, should be looked at sideways.... |
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Eqtylndr
34 Posts |
Posted - 05/16/2008 : 07:06:43 AM
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This sounds like a project we can fund for you. Please call to discuss.
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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diamondlm
75 Posts |
Posted - 05/16/2008 : 10:13:50 AM
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| Thanks for the info I will make sure borrower does not get killed on upfronts or taken for a ride |
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