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dkny
177 Posts |
 Posted - 05/22/2008 : 07:45:35 AM
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Looking for CA hard money residential lender for 2 nd. mortgage. OO property in Beverly Hills, LA. First mortgage $4.9M. Looking for second $3.5M.
April appraisal came as $14M value. 60% CLTV.
Looking for an equity based lender only. |
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ddmortgage
204 Posts |
Posted - 05/22/2008 : 10:35:34 AM
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| I have investors all over Ca that would look at it. One is in Beverly Hills who moves very quick. Email at tyjoconsulting@gmail.com and we can set up a time to speak about this further. |
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KHufford
4417 Posts |
Posted - 05/22/2008 : 10:45:25 AM
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Hey Dmitri,
I think I have already seen this loan, its WOOD. I checked a couple of hard money lenders and they had ALL seen the deal. It is possibly doable as ONE LOAN paying off first with cashout. But NOBODY will do just a 2nd.
I believe the client turned this option down. Dont waste your time.
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PBFinancial
227 Posts |
Posted - 05/22/2008 : 11:23:22 AM
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| I know this deal. You are wasting your time my friend. |
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dkny
177 Posts |
Posted - 05/22/2008 : 1:16:54 PM
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quote:
Originally posted by PBFinancial
I know this deal. You are wasting your time my friend.
Did you work on this deal before? |
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KHufford
4417 Posts |
Posted - 05/22/2008 : 1:21:30 PM
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quote:
Originally posted by dkny
quote:
Originally posted by PBFinancial
I know this deal. You are wasting your time my friend.
Did you work on this deal before?
We all have, its done.
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dkny
177 Posts |
Posted - 05/22/2008 : 2:43:28 PM
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quote:
Originally posted by KHufford
Hey Dmitri,
I think I have already seen this loan, its WOOD. I checked a couple of hard money lenders and they had ALL seen the deal. It is possibly doable as ONE LOAN paying off first with cashout. But NOBODY will do just a 2nd.
I believe the client turned this option down. Dont waste your time.
Hi Kyle. His last name is not Wood. I have a lender but it is very expensive. They want 16% and 10 points. Trying to find a bit cheaper. |
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samwillsonbiz
185 Posts |
Posted - 05/22/2008 : 2:46:29 PM
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quote:
Originally posted by dkny
quote:
Originally posted by KHufford
Hey Dmitri,
I think I have already seen this loan, its WOOD. I checked a couple of hard money lenders and they had ALL seen the deal. It is possibly doable as ONE LOAN paying off first with cashout. But NOBODY will do just a 2nd.
I believe the client turned this option down. Dont waste your time.
Hi Kyle. His last name is not Wood. I have a lender but it is very expensive. They want 16% and 10 points. Trying to find a bit cheaper.
Funniest thing I've heard all day!!!
No offense dkny, I'm sure you have the best intentions. |
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bmichael
4 Posts |
Posted - 05/22/2008 : 2:51:54 PM
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Hi Dmitri -
It is possible that I have a private money lender that might take down the first and second together @ 60%, with a rate that may make it more beneficial and with a better blended rate than if you do a separate high coupon 2nd. If your interested, let me know and I'll put you with my business partner who is our lead analyst and he'll give you a quick yes or no based on the parameters. Email me at scenario@centrixcapital.com
Bruce Michael
COO & Managing Partner
Centrix Capital Corporation |
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KHufford
4417 Posts |
Posted - 05/22/2008 : 2:53:03 PM
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quote:
Originally posted by samwillsonbiz
quote:
Originally posted by dkny
quote:
Originally posted by KHufford
Hey Dmitri,
I think I have already seen this loan, its WOOD. I checked a couple of hard money lenders and they had ALL seen the deal. It is possibly doable as ONE LOAN paying off first with cashout. But NOBODY will do just a 2nd.
I believe the client turned this option down. Dont waste your time.
Hi Kyle. His last name is not Wood. I have a lender but it is very expensive. They want 16% and 10 points. Trying to find a bit cheaper.
Funniest thing I've heard all day!!!
No offense dkny, I'm sure you have the best intentions.
LOL!!! That was a good one. Dmitri is a good guy, we have worked on some stuff before. The last name is JONES. WOOD is a term that means its dead, ever seen Boiler Room, Dmitri?
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dkny
177 Posts |
Posted - 05/22/2008 : 3:29:00 PM
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quote:
Originally posted by KHufford
quote:
Originally posted by samwillsonbiz
quote:
Originally posted by dkny
quote:
Originally posted by KHufford
Hey Dmitri,
I think I have already seen this loan, its WOOD. I checked a couple of hard money lenders and they had ALL seen the deal. It is possibly doable as ONE LOAN paying off first with cashout. But NOBODY will do just a 2nd.
I believe the client turned this option down. Dont waste your time.
Hi Kyle. His last name is not Wood. I have a lender but it is very expensive. They want 16% and 10 points. Trying to find a bit cheaper.
Funniest thing I've heard all day!!!
No offense dkny, I'm sure you have the best intentions.
LOL!!! That was a good one. Dmitri is a good guy, we have worked on some stuff before. The last name is JONES. WOOD is a term that means its dead, ever seen Boiler Room, Dmitri?
It's happens, especially when you in a rush and don't pay attention. By the way it is a great movie. |
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Equitybased
715 Posts |
Posted - 05/23/2008 : 06:44:19 AM
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Hahaha.....Reading thru this post is funny stuff.
I have seen the deal before, it has been well shopped. |
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