| Author |
Previous Topic | Next Topic |
|
missirlian
36 Posts |
 Posted - 05/21/2008 : 08:30:00 AM
|
1.8 million purchase
needs $300,000 for construction and expenses
final loan would be $2.1 million
Chicago, IL.
wants to finance as much as possible
The property is a 9000 sq ft vacant building that used to be a Pool Hall
The client is a dentist with a very lucrative and succesful practice.
He has great credit..
He wants to move his practice to the new building.
any help would be much appreciated
Thanks! |
|
joe313
654 Posts |
Posted - 05/21/2008 : 08:36:48 AM
|
Jonathan,
I'm a hard money lender, and this is a loan that I would be interested in if the buyer can bring cash or collateral to the table. Give me a call to discuss if you'd like to explore this route.
|
|
|
PinnaclePeters
1122 Posts |
Posted - 05/21/2008 : 09:06:59 AM
|
I can help the good Dr. with acquiring the building, but he'll need another loan for the build-out.
10% own funds, sourced/seasoned 60 days.
Our fees are $2300, we get paid at closing (no fees upfront).
30 yr. fixed rate product, no balloon and no "lock-out". |
|
|
ktucker
57 Posts |
Posted - 05/21/2008 : 09:15:15 AM
|
We finance the construction and permanent loan as well as furniture fixtures and equipment. We have in house underwriters and a construction disbursement department. We are quick and efficient, with broker paid up to 2 pts. Give me a call.... 24 hr pre-approval
|
|
|
alersc
82 Posts |
Posted - 05/21/2008 : 09:54:21 AM
|
I can help the Doctor get this loan done. My entire family are Dentist so I know how to get their deals done, especially when they need financing to open up other offices. I also have a private investor that can get him a nice down payment assistance and or build out money. Also, is he currently working with a REALTOR? I would have to make sure that the realtor is on the same page with us so that they understand how to right up the proposal, if not we own a Commerical RealEstate Company in Chicago that can get this done properly for us.
Let me know.
carlos@jencarfinancial.com
815-690-8000-cell
815-436-5000-Office
|
|
|
sfedgar7
75 Posts |
Posted - 05/21/2008 : 10:00:48 AM
|
quote:
Originally posted by missirlian
1.8 million purchase
needs $300,000 for construction and expenses
final loan would be $2.1 million
Chicago, IL.
wants to finance as much as possible
The property is a 9000 sq ft vacant building that used to be a Pool Hall
The client is a dentist with a very lucrative and succesful practice.
He has great credit..
He wants to move his practice to the new building.
any help would be much appreciated
Thanks!
We would be interested at helping you with this project. Contact me! |
|
|
kenvphan
452 Posts |
Posted - 05/21/2008 : 11:26:49 AM
|
| Why go hard money when you can go conventional? |
|
|
simply commercia
77 Posts |
Posted - 05/21/2008 : 11:27:38 AM
|
| This is something that is doable. Conact me if interested :) |
|
|
dwallace
618 Posts |
Posted - 05/21/2008 : 12:06:16 PM
|
From what you have described we could offer 90% financing on the building acquisition, build out plus any additional equipment he may need for the new location.
Great rates, great terms and fast turn around.
Please contact me with more information |
|
|
swmsn
4205 Posts |
Posted - 05/21/2008 : 1:13:44 PM
|
90% is possible, since they are a professional and going owner occ I may be able to squeak in a bit more.
SBA by the way with some additional financing.
Will be some big changes in SBA soon. But this is the best way to go for high ltv for something like this.
Rates are prime + 1 -1.5
Email me if interested. |
|
|
CommFunds
37 Posts |
Posted - 05/21/2008 : 8:32:18 PM
|
Would like to help you with this loan.
We offer bankable and non-bankable options for these types of scenarios.
Please present through our website.
http://www.CommercialFundsOnline.com
Just click on the get started button.
|
|
|
ddmortgage
297 Posts |
Posted - 05/22/2008 : 05:07:28 AM
|
| I am to get you private money with conventional rates, That lender I have access to has rates under 10%, Pts are determined by what you can sell. If you wish to explore this with my group email at tyjoconsulting@gmail.com. Thanks Dave |
|
|
EMScommercial
5141 Posts |
Posted - 05/27/2008 : 2:00:48 PM
|
Did you ever get this taken care of?
|
|
|
stuartg_
57 Posts |
Posted - 05/28/2008 : 5:35:17 PM
|
The parameters of this deal seem viable.
Here is our focus:
A/R loans
Factoring
Machinery & Equipment
Sale-leasebacks
Business Acquisitions
Any Income producing properties (acquisitions and refinancing)
We also participate in the following types of financing domestically and internationally:
Bridge Loans, Corporate Restructuring, Corporate Working Capital, Import-Export, Intermediate Term Lending, Inventory, Leasing, Leveraged Buyouts, Management Buyouts, Mezzanine, Participations, Recapitalizations, Refinancing, Tax Exempt
Real Estate-
Acquisitions and Development (income-producing):
Apartments, hotels, offices, agricultural, industrial, multi-use
Up to 85% LTV
Mergers and Acquisitions (business-related)-
Up to 90% LTV
Size- $1-500M
Please send a summary, use of funds, and financials on project and buyer and I should be able to give you a prompt answer.
Very Best,
Stuart G Lewis
Managing Director
Brinkabar, Inc.
9595 Wilshire Blvd., Suite 900
Beverly Hills, CA 90212
310-300-8463 Tel
310-496-0588 Fax
slewis@brinkabar.com
www.brinkabar.com
|
|
|
| |
Previous Topic | Next Topic |
|
Search for: 
