Real estate backed loan
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  1. #1

    Real estate backed loan

    I have business in SC looking for a refi.

    He owns the building and land outright (says worth 2.5MM no appraisal current)

    Has a construction loan at 12% with interest only payments of $7,800/month with a balance of 750K. He is looking for 850K to pay off the construction loan and clear some cash flow money.

    Any real estate backed lenders here?

  2. #2
    Senior Member Reputation points: 16709
    Join Date
    Jul 2014
    Location
    Jackson Hole Wy
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    720

    He owns the building and land outright but has a construction loan on it??
    Are these separate properties?
    Should be Easy deal if free and clear with our investors . Just depends on property type in city
    Contact for more details
    Benjamin Zuniga
    Bzuniga@omegafund.com

  3. #3
    Give me a call or shoot me an email. 5 Arch Funding, direct private mortgage lender for Experienced Real Estate Investors. We originate over $1B in loans annually. 5 Arch Funding is a subsidiary of Redwood Trust 'RWT' (NYSE).

    We work with Brokers!

    Jayson Glick
    VP Sales
    5 Arch Funding Corp.
    W (949)404-1945 C (561)317-9464
    E jayson.glick@5arch.com

  4. #4
    Senior Member Reputation points: 54
    Join Date
    Mar 2016
    Posts
    123

    We can co broker it with you.

    Bridge refi cash out in 2-3 weeks.
    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

  5. #5
    Free and clear, yet has a payoff... not following. Contact me and let's discuss.
    No tax returns, borrower generated P&Ls only.
    Criton Capital, LLC
    12508 W. Atlantic Blvd
    Coral Springs, FL 33017
    Tel: 786-210-5557
    Fax: 786-228-0884
    loans@critoncapital.com
    www.critoncapital.com

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