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joshuabarton
8 Posts |
 Posted - 06/09/2008 : 4:24:39 PM
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Looking for equity lender to get do a 65% cash out refi on the following:
Commercial Condo
OH State
1 of 6 Units in building, all attached single level (strip mall style)
65% LTV C/O Refinance
350k Appraised Value
227k Loan Amount
Unit is 5,000 sq ft = 2500 sq ft of office frontage and 2500 sq ft of warehouse -- all units conform to this layout, front of building is office, back of building is warehouse space for each business.
All occupied and independently owned office condos. |
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Matt W.
1932 Posts |
Posted - 06/09/2008 : 8:10:48 PM
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What credit score? Please call or email to discuss.
Thanks,
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markapex
346 Posts |
Posted - 06/10/2008 : 06:00:07 AM
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Depending on the credit, amount of cash out and how long the borrower has owned the property we may be able to do this deal.
Apex Mortgage is a commercial mortgage portfolio lender owned by First Trust Bank, FDIC. We are a small balance lender doing loans from $25,000 to $750,000 in 43 states. Our terms run to 25 years, fixed or ARM with no balloons or lock-outs. We offer brokers the ability to earn 2 points in YSP.
While we are happy to work with high credit score borrowers, most of our deals are in the 575 to 660 credit score range.
Ask about our new Prime Rate ARM program.
We underwrite, process, close and service all of our loans. We never send files out to another company for any reason.
Mark Langman
Apex Mortgage
800-262-2739, ext. 221
215-283-8885 fax
mlangman@apexmtg.com
www.apexmtg.com
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