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12-19-2017, 08:32 PM #1
- Join Date
- Jan 2017
- Posts
- 116
Gentleman's Club / Florida / HARD MONEY / 5Mill / 60%-65% ltv
Anyone here private money or hard money direct lender can touch this? (i've got multiple brokers on this one already)
Appraised: 8,600,00.00
Loan amount needed: 65% ltv 5,590,000 down to 60% ltv: 5,160,000
State: FL
Mortgage History: possibly a few months behind on mortgage--but not yet confirmed.
Please advise.
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12-19-2017, 09:38 PM #2
I seen something similar to this structure floating around awhile back. And nobody wanted to touch it. Is it Miami's King of Diamonds? If so, you might wanna check the article.
http://www.miaminewtimes.com/news/ki...losure-9605357Nick Hubbard
Senior Loan Advisor
314-252-0299 - Office
314-885-2262 - Direct
nick@elitefactoring.com
www.elitefactoring.com
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12-20-2017, 09:02 AM #3Karen37aGuest
I saw that deal too ....and if its another strip club the owner"s were arrested for mortgage fraud in the past...never paid restitution, another one has a huge REIT behind them and they are never going to pay you...
and you are never ever ever going to mess with them after someone knocks on your doorLast edited by Karen37a; 12-20-2017 at 09:07 AM.
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12-20-2017, 01:18 PM #4
What are the terms of their current loan? Do they have a pre-pay?
Jonathan Kohanoff
B.R.E. #01962090
Diamond Business Loans
Beverly Hills, CA 90211
jon@diamondbl.com
www.DiamondBL.com
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