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jasonmstevenson
11 Posts |
 Posted - 08/28/2008 : 10:26:31 AM
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I have a borrower looking to refinance his commercial business. Emigrant and Eastern Savings Bank won't touch it because it a mason and gardening company.
Anyone know a commercial lender who will do this? |
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joe313
648 Posts |
Posted - 08/28/2008 : 10:33:45 AM
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| Is there real estate involved in this or are you looking for a loan on the business? |
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brad.easter
695 Posts |
Posted - 08/28/2008 : 10:44:41 AM
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Does the client own the property? Are there any fuel or pesticide storage tanks on the property? What type of construction are the structures? FICO of borrower? Loan amount? Cash out?
Need some more information. |
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ComLender
1266 Posts |
Posted - 08/28/2008 : 11:15:13 AM
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| If they're refinancing the property we'd be interested. |
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stuartg
102 Posts |
Posted - 08/28/2008 : 3:14:51 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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markapex
346 Posts |
Posted - 08/29/2008 : 06:11:35 AM
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We may be able to do this property. I need credit score, LTV, loan amount, etc to know for sure.
Apex Mortgage is a commercial mortgage portfolio lender owned by First Trust Bank, FDIC. We are a small balance lender doing loans from $25,000 to $750,000 in 42 states. Our terms run to a max of 25 years, fixed or ARM with no balloons or lock-outs. We offer brokers the ability to earn 2 points in YSP.
While we are not a hard money lender, most of our deals are in the 575 to 660 credit score range.
We underwrite, process, close and service all of our loans. We never send files out to another company for any reason.
Mark Langman
Apex Mortgage
800-262-2739, ext. 221
215-283-8885 fax
mlangman@apexmtg.com
www.apexmtg.com
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Bruce Holler
93 Posts |
Posted - 08/29/2008 : 06:54:21 AM
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We offer commercial REFIs on the sticks and bricks.
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EMScommercial
5138 Posts |
Posted - 08/29/2008 : 08:42:59 AM
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| you will have a tough tough time now adays with just a 'business refi' with no bricks and mortar..... |
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