Will provide the scenario by email for you evaluate it. Send me PM with your contact information and email address. Thanks
Will provide the scenario by email for you evaluate it. Send me PM with your contact information and email address. Thanks
Doing one now.....
Second mortgage commercial property:
NEEDED THE BELOW DOCS
Detailed Use of Funds
Last 3 months of Complete Business Bank Statements -
2022 Business Tax Return
Previous Year's Business & Personal Tax Returns - 2023 if available/ if not interim financials for businesses*
Property Financials: Last 2 years and YTD interim
Property Rent Roll -
On a deal size of this amount, we may consider a true principal payoff after only 12 months.
Here is how our pricing would look.
In consideration of a 2nd lien on the two multi-family properties -
Note we will require the applicable entities who own the property and owners to guarantee the loan. Terms are subject to stipulation review.
Funding amount: $525,000.00
Origination Fee: 4% - lender gets 2%, broker gets 2%
Estimated Term: 60 Months, 20% interest
Estimated Payments: $13,910.00
American Credit*®Empowering Business Growth through Asset-Based Lending
Corey Rockafeler
2100 Geng Road,
Suite 210
Palo Alto, CA 94303
Office Phone:*650-331-0750
Fax: 650: 618-1637
Mobile: 646-399-8813E-
Fax:650-618-1637
Email:*corey@amcredit.com
URL:**https://amcredit.com
Can do 2nd mortgages to 70% LTV in any state on all types of properties to $ 4M. FICO is not as important as repayment ability. Call or email. 650 331 0750 corey@amcredit.com
Non-owner occupied SFR's, not primary residences.