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05-07-2019, 02:53 PM #1
- Join Date
- Mar 2016
- Posts
- 123
Puerto Rico commercial real estate loans available
Hi
I work with a handful of private lenders in Puerto Rico looking to deploy capital for commercial real estate bridge purchases, refinance, refi cash out, and rehab. No ground up construction at present.
As it's more than one lender, generally speaking the terms would be something like:
$250k - $1,000,000 for the short term private lenders at 12 month terms
$1mm - $50mm for another with 12-36 month terms
Interest only w ballon
Rate 7.8 - 10.8, and 10-15
70% max LTV
2-3 origination points lender / 1-2 broker
1st lien position only
There is no prepayment penalty or minimum monthly interest period
Most commercial property types
NOO SFR ok
Average 30 days closing. Can be faster if all docs flow and there are no hiccups.
Yes we'll co-broker at an equal 50/50 split.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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