Results 1 to 13 of 13
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03-25-2019, 02:21 PM #1
2nd position on REAL ESTATE
Any funders do 2nd. on real estate. ? No WBL
For larger deals 1M-4M.?
eDITED
Commercial 2.5M request LTV 55%Last edited by brokerCompany; 03-25-2019 at 03:33 PM.
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03-25-2019, 02:35 PM #2
- Join Date
- Feb 2017
- Posts
- 3,473
What state?
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03-25-2019, 02:42 PM #3
- Join Date
- Nov 2015
- Location
- Long Beach, CA
- Posts
- 54
Commercial or residential?
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03-25-2019, 06:53 PM #4
I'll refinance it into a first, if he isn't already with a bank. ( depending on property and location)
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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03-26-2019, 12:12 AM #5
- Join Date
- Apr 2014
- Posts
- 781
I think by nature of question, he only wants 2nd
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03-26-2019, 04:37 PM #6
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03-26-2019, 05:14 PM #7
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03-29-2019, 08:59 PM #8
- Join Date
- Mar 2016
- Posts
- 124
Hi
I work with a lender that does seconds.
2nds on commercial properties
- up to 75%
- these are not cheap but beat paying off a 2st to grab some cash ( 15-16% )
- LENDER WILL NOT ORDER ANY 3rd party reports ( saves the borrowers cash )
- Fund typically as soon as the inter creditor agreement comes in
- $1MM and up. ( exceptions on a case by case basis)Mike Lewis - commercial real estate loan broker / owner
No up front fees loan broker
Commercial real estate loans: Acquisition, refinance, construction and FAST bridge loans from $200k +
tel/voicemail: 937-964-5355
cell/voicemail: 440-637-5646
corporate email: mikelewis@michaellewisgroup.com
www.linkedin.com/in/cigarmike
Veteran Owned
WE CO-BROKER with an even 50/50 split and we both get paid by wire at close.
We issue a combination mutual NDA / fee split, you introduce your CRE clients to us stating simply we handle your commercial real estate loans, we take it from there and keep you in the loop. When a loan you referred closes, you get paid at close by wire.If you can work with that please do not hesitate to contact us. Our loan forms are vanilla with no company name.
Michael Lewis Group Commercial real estate loans
http://michaellewisgroup.com/index.html
Loan Matrix
Forms
About Us
Discounted cell phone plans starting at $15 / month. AT&T from $30/mo, T-Mobile from $15/mo, Verizon from $35/mo.
http://arthodyd.com/d.html
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04-05-2019, 03:16 PM #9
- Join Date
- Jan 2014
- Posts
- 1,380
Greenbox has a pretty good RE program they rolled out recently.
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04-09-2019, 10:52 AM #10
- Join Date
- Apr 2017
- Location
- Orange County, CA
- Posts
- 93
What state is it in?
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04-11-2019, 11:44 AM #11
- Join Date
- Nov 2018
- Posts
- 37
Contact me and I'll send over an agreement to you, we're specializing in ABL products and if you can have the full financials sent over to me today and we can look into a 2nd position for this client,
David Sica
ISO Relationship Manager
AllFi Solutions, Inc
Davids@AllFiSolutions.com
Direct 347.831.4336
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04-22-2019, 04:26 PM #12
- Join Date
- Apr 2019
- Location
- Arlington, New York
- Posts
- 28
I have an investor who takes on these types of deals please message me a little more about this and I can provide you with the information you need for your client.
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04-22-2019, 04:29 PM #13
- Join Date
- Mar 2015
- Location
- Boynton Beach
- Posts
- 3,509
Kevin Henry
VP-Business Development
Seacoast Business Funding, a division of Seacoast Bank
561-850-9346
Kevin.Henry@SeacoastBF.com
1880 N Congress Ave., Suite 404
Boynton Beach, FL 33426
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