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bfleming68
110 Posts |
 Posted - 07/10/2008 : 11:41:23 AM
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| Looking for some rates for commerical loan. 2.5 million. Value 3.9 Million. Customer would like at 2 year interest only option on a 30 year fixed. |
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mcmoney
312 Posts |
Posted - 07/10/2008 : 11:45:12 AM
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| 6-15% Need a bit more information. |
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mcmoney
312 Posts |
Posted - 07/10/2008 : 11:47:25 AM
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| What type of property is it? Owner/user or investor? Loan purpose? What is going on in the building? |
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joseph@ajtm
61 Posts |
Posted - 07/10/2008 : 11:48:39 AM
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We would be interested in your loan. We still have some aggressive funding programs available when others are tightening their lending conditions. We can do 90%CLTV on all of our programs and can provide 90% LTV on Owner Occupied.
We are looking at anything commercial that makes sense. We also have a great training program available for the residential professional looking to make the move to commercial. We could provide a rate as low as 6.5% .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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mortgagemessiah
8003 Posts |
Posted - 07/10/2008 : 12:29:06 PM
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| Yep, need more info. |
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gman1958
294 Posts |
Posted - 07/10/2008 : 12:29:38 PM
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Bruce,
We would need a bit more info here... property type, owner occ or NOO, full doc, location, fico score...once we get those...i can get you a good quote and turnaround time.
thankd
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brad.easter
696 Posts |
Posted - 07/10/2008 : 12:40:58 PM
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quote:
Originally posted by mcmoney
6-15% Need a bit more information.
That's money, McMoney!
As others have stated, there isn't enough information to know what you hve. My advice to you and other brokers that have questions about commercial properties is to provide enough information so that we know what you have. Here are just a few examples that you need to know.
1. Property type (really important)
2. State where property is
3. Does the property debt service? (DSCR)
4. Borrower financial strength
5. What kind of business is operating from the property
6. Balloon looming?
7. R & T or cash-out.
8. If cash-out- use of funds?
9. Borrower's experience in running business type (if purchase).
That is just a start to give the wholesale lender an idea of what your client needs. Find out as much as you can about the deal and be ready to answer questions.
Hope that helps!
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ccbank
1318 Posts |
Posted - 07/10/2008 : 12:43:15 PM
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| If in California, call me. |
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bfleming68
110 Posts |
Posted - 07/10/2008 : 12:49:02 PM
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I will give you a call with all that information. This is a purchase. Need to speak with the borrower to ask more questions
Thanks! |
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ComLender
1266 Posts |
Posted - 07/10/2008 : 2:54:52 PM
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| Feel free to contact me to discuss rates and options. |
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stuartg
105 Posts |
Posted - 07/14/2008 : 2:33:02 PM
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Please send a summary, use of funds, and financials on project and borrower and I should be able to give you a prompt answer.
Very Best,
Stuart G Lewis
Managing Director
Brinkabar, Inc.
9595 Wilshire Blvd., Suite 900
Beverly Hills, CA 90212
310-300-8463 Tel
310-496-0588 Fax
slewis@brinkabar.com
www.brinkabar.com
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KHufford
5993 Posts |
Posted - 07/14/2008 : 2:37:35 PM
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I never uderstoo dwhy so many people respond to threads like this...the OP doesnt even know what they are asking for. These are more headache than actual deals.
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KHufford
5993 Posts |
Posted - 07/14/2008 : 2:38:23 PM
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I never understood why so many people respond to threads like this...the OP doesnt even know what they are asking for. These are more headache than actual deals.
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KHufford
5993 Posts |
Posted - 07/14/2008 : 2:59:25 PM
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I never understood why so many people respond to threads like this...the OP doesnt even know what they are asking for. These are more headache than actual deals.
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KHufford
5993 Posts |
Posted - 07/14/2008 : 3:17:16 PM
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quote:
Originally posted by rocky007
I never understand why guys like Kyle even respond here and throughtout BO without any additonal info. and assuming the worst etc. Shooting yourself in the foot young fella!
Uh oh...Rocky, I will give you a chance to just walk away from this fight....I dont lose, you already have a pathetic reputation here, dont blow what little you have left...
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KHufford
5993 Posts |
Posted - 07/14/2008 : 4:41:10 PM
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quote:
Originally posted by rocky007
I never understand why guys like Kyle even respond here and throughtout BO without any additonal info. and assuming the worst etc. Shooting yourself in the foot young fella!
By the way, nice office, so your promotion company is doing so badly you moonlight in the mortgage business?:
For more information:
Cary Wolf, WMG Promotions
5557 Tadworth Place, Suite 3
West Bloomfield, MI 48322
Phone: 248-231-4974
Fax: 248-737-9983
wmgpromo@aol.com
Looks like a middle class home to me? What is "Suite 3" the laundry room? Are you in your underwear eating leftover pizza on the couch, while you pose as a direct wholesale lender also?
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EMScommercial
5138 Posts |
Posted - 07/16/2008 : 12:24:47 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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