Results 1 to 4 of 4
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09-14-2019, 03:24 AM #1
- Join Date
- Nov 2018
- Posts
- 3
Looking to finance out commercial mix used. 6 unit + 2 medical office.
Hello,
Please shoot me an email at fei@iworkcapital.com or pm here.
Looking to finance out a free and clear buidling in Queens, New York. Looking for rates closer to low 4%.
Great NOI, Market value at least 1.3M
50-60% LTV is fine. DSCR for that is ~1.4 for a 30 year @4.5%
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09-14-2019, 02:03 PM #2
- Join Date
- Dec 2014
- Location
- Quogue, NY
- Posts
- 1,108
You're asking for straight bank rates for Commercial Properties- and the rates you're asking for are aggressive. We work with Santander, Empire National, M&T, Peoples United, First National Bank of LI, Citizens- among others in this area of the country.
I suggest speaking to a bank. They will likely not work off Cap X- but if they like the comps they will be as competitive as they can be... With the rates you're seeking you will likely NOT see YSP.
RGLast edited by RichardGerard; 09-16-2019 at 09:29 AM.
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09-18-2019, 12:44 PM #3
Richard is correct with this one!
Nick Hubbard
Senior Loan Advisor
314-252-0299 - Office
314-885-2262 - Direct
nick@elitefactoring.com
www.elitefactoring.com
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09-19-2019, 03:34 PM #4
- Join Date
- Mar 2016
- Posts
- 123
Depends on the property type #1.
Acquisition, rehab or refinance loans
Interest rates start at 4.9%
Apartments, condos, town homes, and SFRs. Min loan size $500k.
We can offer both recourse and non-recourse loans.
We can also do multiple asset types under one loan - blanket / portfolio loans.
For office buildings there's insurance port $ close to that 4% also.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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