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MarjorieD
27 Posts |
 Posted - 05/27/2008 : 11:25:15 AM
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| Are there any 90% LTV Commerical Loans? |
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ComLender
1266 Posts |
Posted - 05/27/2008 : 11:28:35 AM
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| Depending on the specifics of the deal, yes, we can go up to 90%. |
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EMScommercial
5138 Posts |
Posted - 05/27/2008 : 12:23:30 PM
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Marjorie....
There are some basic questions....
What is the loan amount?
Refi or purch?
Prop location?
Is it making any money? dscr?
Borrower stregnth... credit? income?
We have 231 lending sources in our database which will fund 'retail'.... and yes, a FEW may go to 90%.....
More info from you will be needed....
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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simply commercia
77 Posts |
Posted - 05/27/2008 : 12:44:59 PM
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| We have programs that allow up to 90% ltv, but i would need more details to get a better understanding of the file. |
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swmsn
4205 Posts |
Posted - 05/27/2008 : 10:11:46 PM
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Most high ltv loans are getting very hard to close. Many of them will not Debt Service correctly for one.
Stated or Investor at 90% without DP assist program, or an unsecured loan its not out there either. You may chase these but ask the Lender/broker/source to show proof of a recent closing. Many people claim they can still do those deals because they do not really know what is going on in the market.
If owner occ full doc you have a shot if the property will debt service, and credit is good.
If not educate your borrower about this and get them to put more money down, or get a capital partner. |
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Bruce@Met-West.c
256 Posts |
Posted - 05/28/2008 : 06:34:38 AM
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| We offer 90%LTV Occ, DSCR 1.2, purchase, 85% R/T, 75% c/o. |
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joseph@ajtm
61 Posts |
Posted - 05/28/2008 : 07:04:56 AM
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We still provide 90% must be full doc ans 1.2 dscr.LTV’s 90% Rates as low as 5.9% paying 1 pt.We provide financing nationwide for all types of commercial property. Business loans with or without real estate. Prime rates and Hard Money available, New Construction. All property types considered. Stated programs available. Email me a summary or contact me at the number below.
Joseph Tomasi
New Business Dev. Officer
A.J.T.M. Financial Group, LLC.
877-229-8880 ext.02
561-431-6433 Fax
joseph@ajtmfinancial.com
www.ajtmfinancial.com
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