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ocoskun@metrocit
1 Posts |
 Posted - 08/22/2008 : 2:37:39 PM
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I have a client who wants to cash out $3.4 million out of his properties in Phoenix. The use for the properties are 3 clubs that are contiguous to each other that he owns as well and he's owned the businesses for 10 years now along with the property. He owes $800,000 on the properties and the estimated value for the properties is $10,000,000. So, we're looking at a 42% LTV. The numbers for the businesses and the DSCR are strong.
I've already got a complete package put together with all the necessary documents but I need to find a lender that can do a cash out refi with this type of use.
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NSX_Ducati
9 Posts |
Posted - 08/24/2008 : 12:15:06 PM
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| We are a private source of money and can manage this client. Whether it is a slam dunk deal or we can get creative if need be to make the file work. Our rates are lower then you will find with the standard commercial lenders.. Give me a call and we can go over the piramiters of the project: 760-230-0382-Chad L. Simmons.. We are located in Carlsbad/San Diego county down by the beach. |
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Bruce Holler
93 Posts |
Posted - 08/24/2008 : 5:08:15 PM
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OO c/0 refi, 42%, choice of fixed and amort to 30 yr.
Need to go full doc, and club/taverns not nudy bars.
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ComLender
1266 Posts |
Posted - 08/25/2008 : 11:42:44 AM
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| Please call or e-mail me, might have some interest. |
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KevinCLC
25 Posts |
Posted - 08/25/2008 : 5:30:12 PM
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I can do this if not nudy bars. Contact me to discuss the details. As a lender, we do not charge any points on the front. All of our pricing is at par too!
We have over 8000 programs so I can give you a quote if I can get the following:
1. 1003 signed by all borrowers
2. Last month mortgage statements(or copy of P.A. signed)
3. Pix of the property inside/outside
4. Tri-merge credit on all borrowers(within 30 days)
5. Rent roll signed by seller or Inc/Exp Statement
6. Our submission form(I will fill out with a few additional Q's I need ans.)
7. Optional – copy of old appraisal or phase 1
Kevin Currier ~ Account Executive
Cell - (586) 738-8449
Fax - (586) 247-1804
E-Mail: kevincurrier.clc@gmail.com
Website: www.clcnationwide.com
COMMERCIAL LENDING CAPITAL
“OVER 8000 PROGRAMS AVAILABLE”
We are a Direct Lender
Term Sheets/Pricing for most in 8 hrs
Expedited Closings – most in 45 days
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dkendall1979
10147 Posts |
Posted - 08/25/2008 : 5:33:30 PM
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| If adult entertainment, let me know. I have something for it. |
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alexstjohn
25 Posts |
Posted - 08/25/2008 : 6:49:15 PM
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| Mission Oaks is about the only one here I would trust. |
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lenderben
1073 Posts |
Posted - 08/26/2008 : 06:21:11 AM
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if your still looking for funding, i am interested in taking a look.
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stuartg
102 Posts |
Posted - 08/26/2008 : 3:13:44 PM
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Please send a summary, use of funds, and financials on property 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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