Results 1 to 7 of 7
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11-22-2017, 11:44 AM #1
- Join Date
- Apr 2017
- Location
- Orange County, CA
- Posts
- 90
Hard Money - Commercial Real Estate - New York
Have a company that owns $500,000.00 property that in New York they own free and clear.
Would like to take out 200-250k against the property.
Annual Revenue is over 1 Million
Credit 600
Cash flow for some renovations and MCA payoffs.
Looking for a 2-3 year note.
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11-22-2017, 12:51 PM #2
- Join Date
- Feb 2017
- Posts
- 3,427
I have a direct lender who can get this done.
7-10 days closing, could have even come in at a 2nd position. Might not go out as long as 2-3 years, but certainly 1 year I/O, and we can run credit repair on his file and get him to a 650 and then he can be takeed to Velocity and get it done without much difficulty. And with a 600 FICO, and only 50% LTV, he might not even need credit repair.
Email me and I'll be happy to make the introduction.
mmarkowitz@abfunders.com
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11-22-2017, 01:28 PM #3
- Join Date
- Dec 2014
- Location
- Quogue, NY
- Posts
- 1,108
Seems that Micah and I know the same folks lol..
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11-22-2017, 07:36 PM #4
- Join Date
- Jan 2017
- Posts
- 116
Micah -- who's the lender you would recommend you said could do 7-10 day closing, possibly even do a 2nd?
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11-23-2017, 01:25 AM #5
- Join Date
- Feb 2017
- Posts
- 3,427
I sent you a PM
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11-26-2017, 01:44 PM #6
or you could go direct to me if this isn't the same commercial deal that ive rec'd about 6 times in the last week, depending on the property i can do 70% ltv up to 24 months at 10% - if its heavy industrial i would need phase 1 environmental report.
Jerry Starr
Insource Funding
433 Plaza Real,
Boca Raton, Fl 33432
P: 800-805-3391 Fx: 561-270-6895
insourcefunding.net
WHAT WOULD YOU DO " IF " YOU HAD THE CAPITAL
◆ 50% LTV - No Fico Required
◆ 90% CLTV on Purchases
◆ Investment Residential / Commercial Properties
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01-18-2018, 11:03 AM #7
- Join Date
- Dec 2013
- Posts
- 20
Looking for a CRE collateral funder. Only hair, business owner has a discharged (Oct 2017) personal Chapter 13 on file. Any clues?
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