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LOANLORD56

48 Posts

Posted - 07/30/2008 :  1:44:07 PM
HELLO EVERYONE,
I HAVE A CLIENT WHOM NEEDS TO CASHOUT ON HER COMMERCIAL BUILDING AND NEEDS A HARD MONEY LOAN TO DO SO. THE ONLY THING IS SHE WANTS A NEG AM LOAN...DOES ANYONE KNOW WHO LENDS HARD MONEY UP TO 65% ON A NEG AM LOAN?? IF SO, PLEASE LET ME KNOW.

LOANLORD56
mojojojo_1

847 Posts

Posted - 07/30/2008 :  1:58:54 PM
think about it...
privatecash

1760 Posts

Posted - 07/30/2008 :  2:47:29 PM
Another Urban Myth.

The only two lenders I'm aware of that did
neg-am hard money shut down about 6 months ago.

Let me know if we can help with a
conventional interest-only loan.
dkendall1979

10288 Posts

Posted - 07/30/2008 :  2:49:08 PM
More like imploded 6 months ago. I'm sure their books looked like the Maryanas Trench

quote:
Originally posted by privatecash

Another Urban Myth.

The only two lenders I'm aware of that did
neg-am hard money shut down about 6 months ago.

Let me know if we can help with a
conventional interest-only loan.

curtsandfort

134 Posts

Posted - 07/30/2008 :  2:49:25 PM
I have private money in Oregon that will do this. Needs to be low LTV with an exit-strategy. Where's the property located?
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