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dljnyc
19 Posts |
 Posted - 07/30/2008 : 10:22:32 AM
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| I have a client with a SFR house in the south hamptons looking to do a cashout refi (100k-200k). 576 is his middle fico and his LTV is 47% with a loan amount of $2,350,000. Borrower got sick and could not make his payments but he is now current with everything. Needs to take out some cash. Current payment is $13,632 and a hard money rate will be over 20k monthly. Let me know if there is anything out there. |
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EquitySmart
877 Posts |
Posted - 07/30/2008 : 10:34:47 AM
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| You may want a hard money SECOND mortgage (with such a low LTV) - the fees will not be pretty but at least you would not be increasing the monthly payments as much |
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dljnyc
19 Posts |
Posted - 07/30/2008 : 10:38:56 AM
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| That sounds like a good option. Who is doing Hard Money 2nds? |
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EquitySmart
877 Posts |
Posted - 07/30/2008 : 10:48:22 AM
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| dljnyc - I have no idea what investor can help you - I am just giving you ideas... |
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Alisa1
101 Posts |
Posted - 07/30/2008 : 10:56:11 AM
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| We're a direct hard money lender located in NYC. We may be interested in doing the loan, please call me so that I can obtain further info from you. |
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Loan_doctor
47 Posts |
Posted - 07/30/2008 : 11:06:16 AM
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We would need more info, but you can contact us and we will see what we can do.
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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lvfin
20 Posts |
Posted - 07/30/2008 : 11:56:20 AM
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I would like to take a closer look at this project. I am in Chicago, but our corporate office is in NY.
Thanks,
Adam Fridman
Direct Lender
Approved Capital
www.ApprovedCapital.com
847.272.5767 |
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dinkeridoo
271 Posts |
Posted - 07/30/2008 : 12:03:20 PM
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Call me on this. This should be easy.
Andrew
323-655-5540 ext 3 |
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bkimball@firstin
64 Posts |
Posted - 07/30/2008 : 12:33:29 PM
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We are looking at any deals that make sense. This is what this economy has brought to the table. Investors out there are all about the deals they feel comfortable with and those are the ones that make sense. We are looking for commercial deal in all 50 states that fit these criteria. The investors we typically deal with are hedge funds and insurance companies. We have rates below 6% to higher hard money rates. We are here to get the deals done for you. Please email me with as much information as possible and I would be happy to give you a hand.
Thanks
Bill Kimball
First Financial Mortgage Corp.
Phone 207-321-5344
Fax 207-321-5388
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JOHNA_BAYSTREET
141 Posts |
Posted - 07/30/2008 : 1:39:31 PM
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| I have a guy that can go 80% lTv hard money and lends in all 50 states. let me know if you are interested. 408.510.3420 ext 426, or johna@ggfunding.com |
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sgscredit
1 Posts |
Posted - 07/31/2008 : 3:53:10 PM
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Hey dljnyc-
Have you thought about credit restoration for your borrower? We can help get the borrowers scores up to a level where finding financing should be a lot cheaper and easier to find. Give me a call or shoot me an email.
You can email me the borrowers credit for a free evaluation.
Shane Harris
Safeguard Solutions, LLC.
760-918-5739
sharris@sgscredit.com
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jafinancial
13 Posts |
Posted - 07/31/2008 : 4:02:14 PM
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I dont know if you already found a lender for this borrower yet, but i would love to see this file. We area direct lender located in Campbell California. I can let you know by the end of tomorrow if we can do this loan for you. Give me a call or email me. Thanks!
Jasmin
Office Manager
Office: 408-426-4788
Fax: 408-904-5793
Email: jasmin@jafinancialinc.com
JA FINANCIAL
1901 S. Bascom Ave, Suite 1200
Campbell, CA 95008
www.jalending.com
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dkendall1979
8808 Posts |
Posted - 07/31/2008 : 4:07:44 PM
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This is what we're here for!
Click below on "Super Jumbo Private $$$" tab
Rate = Prime + 2 (7% fully indexed)
Points = 3
quote:
Originally posted by dljnyc
I have a client with a SFR house in the south hamptons looking to do a cashout refi (100k-200k). 576 is his middle fico and his LTV is 47% with a loan amount of $2,350,000. Borrower got sick and could not make his payments but he is now current with everything. Needs to take out some cash. Current payment is $13,632 and a hard money rate will be over 20k monthly. Let me know if there is anything out there.
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hbailey3
58 Posts |
Posted - 07/31/2008 : 4:09:08 PM
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I have a client with a 634 score looking to refinance his NOO property cash out at whatever loan to value he can get
he needs to go stated
self employed
Value 165k
he currently owes 77k on the house (which is already with hard money lender)
property is in MN
any suggestions
thanks
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dang007
90 Posts |
Posted - 08/03/2008 : 6:50:26 PM
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Hard Money/Bridge Loans - New York, New Jersey & Parts of Connecticut Only !
Offering one of the best rates on market !
• Interest Rates: 11% - 13%
• Amortization: Interest only – Roll in may be required.
• Loan to value: Up to 75% on income producing properties
• Origination Fee: 2 - 5% taken at closing from the loan proceeds (1-3% Lender Costs)
• Loan Terms: 1 year
• DSCR: 1.3x
• Closing times: 7-10 days
• Loan Size: $1,000,000 to $20,000,000 +
Collateral types that are:
• Office buildings (up to 75% LTV)
• Apartment Buildings (up to 75% LTV)
• Mixed-use (up to 75% LTV)
• Shopping centers (up to 75% LTV)
• Warehouses (up to 75% LTV)
• Owner-occupied facilities (up to 60% LTV)
• Marinas (up to 65% LTV)
• Auto repair/mechanic shops (up to 65% LTV)
• Gas Stations (up to 65% LTV)
• Multi Family (up to 75% LTV)
• Large homes starting from 4 million and upwards (up to 60% LTV)
Collateral types that are not of interest are:
• Land
• “White elephants” (very large vacant facilities)
• Theme/water Parks
• Golf courses
• Non-stabilized/ Unflagged motels/hotels
• Hospitals
• Daycare Centers
• Ground-up Construction
• Heavy industrial facilities
• Assisted Living
Please go to our website for more information about our company, our services and vast experience
in all aspects of real estate including, buying and selling property, lending, underwriting, etc…
Best regards,
Dan Garfinkel
Commercial Markets Funding Specialist
Precison Finance and Realty Partners
Tel: (845) 784-6487
Fax: (845) 503-2438
E-Mail: DGarfinkel@precisionfinancenandrealtypartners.com
Website: www.precisionfinanceandrealtypartners.com
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