| Author |
Previous Topic | Next Topic |
|
Commercial_Hitma
37 Posts |
 Posted - 08/28/2008 : 5:16:36 PM
|
Does anyone know of a commerical construction lender who is lending on commercial / retail industrial warehouse and industrial condos in WA? I have three seperate developments for the same borrowers who have all of the required studies, engineering, plans etc done and have a significant amount of cash in all three projects.
As of now they have hired a very reputable commercial real estate marketing company to list them for sale once construction starts and they currently have NO units pre-sold or pre-leased.
They are seasoned developers with a very strong resume and finacials to back it up. The loan amounts range from $8.5M, $4.5M and a JV acquisition / construction for $28M total acquisition and development costs.
I have submitted these with a lender that has lost my confidence after promises and no results and I have a responsibility and a time frame to get these closed for my clients.
I need a lender who has the performance record to get these closed quickly without the ego stroking which we have no time for.
Thank you for the help!
|
|
gthomas
32 Posts |
Posted - 08/28/2008 : 6:09:22 PM
|
| Without pre-sales that's a dead issue unless the borrower can cross-collateralize with other properties to insure an exit strategy. |
|
|
brad.easter
695 Posts |
Posted - 08/28/2008 : 6:52:38 PM
|
| Call me on the retail/industrial warehouse. I would ike to know more about that deal. We have construction money for owner occupied office and warehouse projects. |
|
|
EMScommercial
5138 Posts |
Posted - 09/06/2008 : 9:24:15 PM
|
Please let us know if we can help you with your commercial scenario(s) - I'm sure that if there is any financing options for your clients out there, we can find it in our vast internal database of commercial lending sources of which we are direct brokers for (currently stands at 350+ entries as of today (lenders, banks, private money, hedge funds, pension funds, insurance companies, etc.)).
Eclipse Mortgage Services is the proverbial 'head of the snake'... the end of that broker chain.... next step - the lending source.....
** We issue a mutual NCND to protect both sides!! **
Remember... We only get paid when the thing funds!
Hyperlink to our page for submissions - very straight forward and simple - http://www.EclipseMortgageServices.com/body_contactme.php - we will receive your submission and an account managers will be assigned. Within one business day you will be contacted - starting the process!
Check out our BASIC RATE/TERM sheet to get an idea if your scenario is 'in the ball park' and then contact us to start the ball rolling to get specific numbers for your loan! http://www.EclipseMortgageServices.com/aaaaaEMS_ratesheet.pdf
Thank you... |
|
|
Bruce Holler
93 Posts |
Posted - 09/08/2008 : 06:55:40 AM
|
We can do the take out loan on commercial condos.
|
|
|
joe313
648 Posts |
Posted - 09/08/2008 : 07:21:09 AM
|
Give me a call. We may be able to do something here.
|
|
|
| |
Previous Topic | Next Topic |
|
Search for: 
