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Elijah012
17 Posts |
 Posted - 03/05/2010 : 10:51:47 PM
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Does anyone know which lender I can place this deal with?
Here are the parameters:
Value: 1.1 million - appraised 2/10/10
existing lien - 250k
cash out refi
property type- apartment/church/school (.25 mile away from- University of Southern California)
Requested Loan Amount- Around 500-550k
Term - negotiable
Please let me know if you know of any Hard Money Lenders that can help.
Best,
Steven yu
syu.rampartproperties@gmail.com -> pls communicate through email
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ahoshmand
109 Posts |
Posted - 03/08/2010 : 08:43:31 AM
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Hi Steven
We'd be at <50% LTV for this type of mixed use property. Email coming your way.
We have a private money line of credit product that is pretty unique. It could be beneficial if their cashout needs are more gradual as opposed to immediate. |
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Jack Straw
1498 Posts |
Posted - 03/08/2010 : 10:50:17 AM
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Sounds like a very doable to me. Let’s talk.
Best Regards,
Gillee Sherman, California Equity Lenders, Inc.
(818) 584-2318 - Direct
(818) 522-9307 - Cell
(818) 337-2262 - Fax
gillee@calequitylenders.com
www.calequitylenders.com
DRE License ID# 01442660
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