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03-20-2018, 03:55 PM #1Senior Member
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2nd mortage lenders!
I am looking for a lender that can do a 2nd mtg on a commercial medical plaza located in St.Petersburg FL.
The client has a 1st mtg that is a CMBS loan with a huge pre payment penalty so he does not want to pay it off.
The property is appraised at 5M currently and he owes around 3M.
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03-21-2018, 10:53 AM #2Member
Reputation points: 10
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- Feb 2018
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- 23
Contact the details below
Email: contact@e-netfinancialservice.com
website: www.e-netfinancialservice.com
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03-21-2018, 10:54 AM #3Member
Reputation points: 10
- Join Date
- Feb 2018
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Contact the details below
Email: contact@e-netfinancialservice.com
website: www.e-netfinancialservice.com
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03-21-2018, 09:20 PM #4Senior Member
Reputation points: 34509
- Join Date
- Nov 2014
- Location
- South Florida
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- 840
Most commercial lenders ( myself included) cap out around 65-70 % LTV, that being said his numbers are thin - email me and i will refer you to a source that could assist on a stated program that might offer a 2nd.
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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