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Jeshuac
82 Posts |
 Posted - 07/24/2008 : 11:19:09 AM
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Got a MHP in Barstow Ca.
Borrower wants cashout to pay tax liens
55 pads none are park owned
LA needed is 800k
Appraisal for 1.3M
LTV-62%
NOI for last year is 46k
DSR is 1.69
490 credit
Client wants to pay off balloon coming due as well as tax liens and then will sell the park in less then 2 years.
Let me know if you can help!!! |
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Loan_doctor
48 Posts |
Posted - 07/24/2008 : 12:03:35 PM
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We can help you with this. Call us ASAP!
Thank You,
Mark A. Roberts
General Partner
Small Business Capital, LLC
(517) 853-0505 Office
(517) 775-6555 Cell
(269) 216-4626 Fax
www.smallbcapital.com Web
www.smallbcapital.com Email |
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joe313
595 Posts |
Posted - 07/24/2008 : 12:24:46 PM
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Jeshua,
This sounds like something I'd be interested in lending on. Give me a call or e-mail me and we can discuss further.
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aaron1976
606 Posts |
Posted - 07/27/2008 : 01:25:18 AM
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I can also help with this for reasonable rates and points.
Aaron Cirlin
aaronc1976@hotmail.com |
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ahoshmand
28 Posts |
Posted - 07/27/2008 : 3:05:53 PM
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Hi Jeshua,
Stonecrest is a CA private mortgage fund. I'd like to take a look at this deal.
Ballpark 11.5-12.5% IO 4pts, 3yr fixed, 1yr ppp |
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JOHNA_BAYSTREET
141 Posts |
Posted - 07/27/2008 : 4:57:50 PM
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| I have a guy that will lend to 80% hard money in all 50 states. let me know if you are interested. 408.510.3420 ext 426. johna@ggfunding.com |
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