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fburgh
45 Posts |
 Posted - 06/03/2008 : 06:58:03 AM
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What is the best way to submit this.
We have a family that has 2 LLC
1st LLC(soley the dads) owns 3 properties 4.5M total, over 800 scores each property rent rolls are full and dscr @ 1.21. Purpose for loan. To Refinance on a 25 or 30 year loan. We have 3 year taxes, 1040's 1120', financal staement, 1003 and 3 years old appraisals.
2nd LLC (2 sons partnersship) owns 4 properties 5.8M total, Score range from 610-800 for the four of them. Rent rolls show some vacant, but mostly full. Wants a 25 to 30 year loan on each piece of property. We have 3 years taxes, 1040's 1120's, financial statements, 1003, and 3 years old appraisals.
We are looking for a company to handle all 7 pieces of properties, no upfront fees excepts new appraisals. We have been collecting all the data needed for the passed month and I'm now ready to submit (after I copy everything). LTV's will range from 65% to 80% depending on new appraisals.
Any lender interested can E-mail us. |
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admin@mortgagesh
11 Posts |
Posted - 06/03/2008 : 07:04:49 AM
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| What are the current balances of all the mortgages? Is there cash being taken out? what will the final LTV's be on all the properties? Please provide more detail on each loan. |
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gman1958
294 Posts |
Posted - 06/03/2008 : 07:50:31 AM
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HI,
These two scenarios look to be very good so far.
The first one appears to be a little easier thatn the second in that the credit is better and its fully occupied. It seems that you want 3 differnet mortgages for him. This wont be a probelm. we would need to know the location of the properties, each individaul market value, current mtg balance, schedule E or 1120's on the propety to start. Rates should be from the high 6's to low 7's for this.
The second situation (for the sons) is a little trickier...being that you have a 610 fico mixed in. We can still do the loans, but the options are less due to this. The dscr is going to be key here since there are some vacancies too. So we would need to see the taxes, rent rolls, income and expense reports, market values, mtg balances, etc on this too.
Please contact me to discuss and i will help you structure the deals.
thanks
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ComLender
1266 Posts |
Posted - 06/03/2008 : 08:35:20 AM
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| Sounds reasonable. We could potentially do them individually or as blankets. Feel free to call me or e-mail a summary if you'd like a response. |
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andersonloans
88 Posts |
Posted - 06/03/2008 : 11:44:57 AM
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| Hello... Could offer par and rebates on all deals. Give me a call or e-mail me to discuss. Thx |
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EMScommercial
5138 Posts |
Posted - 06/03/2008 : 3:47:09 PM
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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 350+ 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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