In need of a micro loan CRE Lender
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  1. #1

    In need of a micro loan CRE Lender

    Hello,

    We are seeing more and more CRE Paper in KY, Ohio, etc purchase price of single family, duplex, 4plex that are in need of renovations with sale prices of 10K+.

    1 of several right now we need financing for Dayton Ohio duplex. Purchase 10,500. + tax lien 12,000 + 56,000 for renovations. After renovation value 90K. Client holds and rents each side via the state for 600. - 700. per side. Our clients FICO: 700+.

    If you can do this type of paper and larger successfully and not take months please call or text me right away. Time is of the essence on a couple of them.

    Thanks,


    Gil Pementel
    603.401.6408

  2. #2
    Senior Member Reputation points: 44171
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    Quote Originally Posted by All Star View Post
    Hello,

    We are seeing more and more CRE Paper in KY, Ohio, etc purchase price of single family, duplex, 4plex that are in need of renovations with sale prices of 10K+.

    1 of several right now we need financing for Dayton Ohio duplex. Purchase 10,500. + tax lien 12,000 + 56,000 for renovations. After renovation value 90K. Client holds and rents each side via the state for 600. - 700. per side. Our clients FICO: 700+.

    If you can do this type of paper and larger successfully and not take months please call or text me right away. Time is of the essence on a couple of them.

    Thanks,


    Gil Pementel
    603.401.6408
    **** deal i'd pass and not waste time on that

  3. #3
    Senior Member Reputation points: 84403
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    Mar 2014
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    Florida
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    Quote Originally Posted by All Star View Post
    Hello,

    We are seeing more and more CRE Paper in KY, Ohio, etc purchase price of single family, duplex, 4plex that are in need of renovations with sale prices of 10K+.

    1 of several right now we need financing for Dayton Ohio duplex. Purchase 10,500. + tax lien 12,000 + 56,000 for renovations. After renovation value 90K. Client holds and rents each side via the state for 600. - 700. per side. Our clients FICO: 700+.

    If you can do this type of paper and larger successfully and not take months please call or text me right away. Time is of the essence on a couple of them.

    Thanks,


    Gil Pementel
    603.401.6408
    We would need a LTV of at least $120K
    Dave Lambert, Business Development
    dave@fcbankcard.com
    Merchant Services Consultant
    High Risk Merchant Payment Solutions
    SBA 7(a) Loans & Short-Term Funding
    T/VM: 727-291-7890
    Office: 727-233-1111
    Skype: fc-financial

  4. #4
    Senior Member Reputation points: 54989
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    Dec 2013
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    4,713

    If all else fails ...Mantis (aside from jumbo files) is also one of the largest funders of NANO---2-5K & MICRO 5-10K Files ! -- its like a conveyor belt of non-stop fundings...
    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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