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zeekmac1
8 Posts |
 Posted - 05/20/2008 : 09:23:18 AM
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| Is there any lender that will lend permanent financing to a builder whose interim loan is up???? |
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CoralSnake
10883 Posts |
Posted - 05/20/2008 : 10:06:28 AM
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Whats the scenario?
And where is the property? |
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EMScommercial
5138 Posts |
Posted - 05/20/2008 : 10:59:14 AM
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Yes, where is the property? Property type? Exit strategy? Info about the borrower?
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 receive your submission and an account managers will be assigned. Within one business day you will be contacted - starting 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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zeekmac1
8 Posts |
Posted - 05/20/2008 : 12:14:18 PM
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I have a builder who has 4 properties that he built as specs and the interim loans are coming due. Due the Market he has decided to lease them out instead of sale them out-right. Because of this, he is need of permanent financing, but since he is the builder most conventional lenders will not touch it.
The other challenge is that although his credit history is excellent, he has maxed out some of his credit cards and his mid-fico is a 627!!!
The properties are located in TX.
Is this still something you might be able to help with??
quote:
Originally posted by CoralSnake
Whats the scenario?
And where is the property?
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