Results 1 to 17 of 17
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09-23-2019, 03:05 PM #1
- Join Date
- Mar 2019
- Posts
- 97
67 Million dollar construction student housing
67 Million dollar construction student housing
Looking for suggestions of direct lenders (no brokers)
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09-23-2019, 03:53 PM #2
- Join Date
- Aug 2017
- Location
- NYC/Miami
- Posts
- 112
Will need more information. TIB. Balance. deposits. any neg history etc..
Eli S.
FOx Business Funding
Iso manager
347. 562. 8796
elis@foxbusinessfunding.com
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09-23-2019, 03:55 PM #3
- Join Date
- Feb 2017
- Posts
- 3,463
Fox, this is WAAAAAY out of your league.
JVD, this is also very likely also waaaaay out of your league, you should be begging for help and be happy when it funds and you get paid.
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09-23-2019, 04:11 PM #4
- Join Date
- Apr 2019
- Posts
- 318
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09-23-2019, 04:24 PM #5
Sent you a PM
Nick Hubbard
Senior Loan Advisor
314-252-0299 - Office
314-885-2262 - Direct
nick@elitefactoring.com
www.elitefactoring.com
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09-23-2019, 04:26 PM #6
- Join Date
- Dec 2013
- Posts
- 4,713
Marcus Clapman | Business Development | Cresthill Capital
(High Commissions Payout Group)
覧覧覧覧覧覧覧覧覧覧覧覧覧
Tel: 917-521-6528 | Fax: 212.671.1473
Email: bizdev@cresthillcapital.com
http://www.cresthillcapital.com
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09-23-2019, 04:59 PM #7
- Join Date
- Mar 2015
- Location
- Boynton Beach
- Posts
- 3,508
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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09-23-2019, 05:12 PM #8
- Join Date
- Jun 2019
- Posts
- 287
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09-23-2019, 06:20 PM #9
- Join Date
- Mar 2019
- Posts
- 97
to clarify:
This is a construction of student housing (NOT an existing company looking for an MCA loan) the loan size would be approximately 67 Million
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09-23-2019, 07:40 PM #10
- Join Date
- Mar 2019
- Posts
- 97
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09-23-2019, 08:03 PM #11
- Join Date
- Jun 2017
- Posts
- 39
I just sent you a PM.
We are a direct lender. Our residential portfolio loans start at 4.75% in-house. We have an institutional partner that can close it starting at 4.25%.
How I close the loan would depend on the following (but I will close the loan):
1 - Principal's Credit
2 - Principal's Financials
3 - LTV
4 - DSCR
5 - Location
6 - Are the property's leases guaranteed by the parents or not?
We are a Real Estate lender. We are not a cash advance guy posing as someone that can get the deal done. Whether I fund it directly or broker it, we will close the deal, at a great rate, and you will be well compensated for your relationship, which we will leverage through the entire process.
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09-23-2019, 09:55 PM #12
- Join Date
- Jul 2014
- Location
- Jackson Hole Wy
- Posts
- 732
You are going to need a broker to help place this. No direct lender will speak with you on this type of deal if you dont know how to package and present deals of this nature. I have a friend that has already funded and building a 40M project apartment/ retail space. If you want assistance reach out.
Ben
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09-24-2019, 09:17 AM #13
- Join Date
- Mar 2019
- Posts
- 97
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09-24-2019, 10:00 AM #14
- Join Date
- Jun 2017
- Posts
- 2,049
why is this thread in 3 different sections, someone really wanted an answer!
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09-24-2019, 10:17 AM #15
- Join Date
- Jul 2014
- Location
- Jackson Hole Wy
- Posts
- 732
Ok. Come back when its funded. Lol. Keep shopping a 60M deal.
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09-24-2019, 10:52 AM #16
- Join Date
- Mar 2019
- Posts
- 97
I'm not sure what your issue is, I was simply looking for suggestions on other lenders, doesn't make sense to come back when its funded, again, already have a term sheet, but at 67 Million, if I can save another 100-200 basis points, why wouldn't I at least try...... sad to see all the negativity in here instead of people just being nice and trying to help each other
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10-03-2019, 11:47 AM #17
- Join Date
- Mar 2016
- Posts
- 124
JVD...
What's the LTC?
Is sponsor contribution cash or equity or a combo?
MSA?
Land owned and all entitlements / permits ready?
Bridge 12-24 mo w extensions or more mainstream loan wanted?
Does sponsor have experience and an SREO or is this their first?
Credit rated sponsor?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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