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LastMichiganbrok
21 Posts |
 Posted - 07/01/2008 : 09:07:46 AM
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Michigan Property:
7 unit Apartment Complex, N/O/O, Full Doc, 80% LTV, 700 scores....
Great DSC Coverage (over 1.9)
$140,000 Purchase price, need $112,000 Commercial Loan...
Any Advice on Best Lender ???????? |
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DougDaft
222 Posts |
Posted - 07/01/2008 : 09:40:02 AM
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| This is a slam dunk for us. Loan size is small but it can get done with that debt service. Email me if you still need funds. ddaft@cbigroupllc.com |
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EMScommercial
5138 Posts |
Posted - 07/01/2008 : 09:44:10 AM
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With that loan amount - believe it or not - it may limit you on how many lending sources will be interested.
Welcome online to both of you. |
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GlennP
161 Posts |
Posted - 07/01/2008 : 09:50:07 AM
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We can do this loan for you with no application fees. Give me a call or e-mail me to go over details, thanks.
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PinnaclePeters
1113 Posts |
Posted - 07/01/2008 : 09:57:03 AM
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8.75% on a 30 fixed with no "lock-out" and no balloon.
Just a good, old-fashioned 30 year fixed rate mortgage on the building. The "Set It...and Forget It!" loan, perfect for multi-family properties to be held as long-term cash-flow investments.
They can even close in the LLC or Family Trust if you like.
No "upfront" fees, either.
Send it over and lets get it off the street and into an underwriter's hands today. |
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