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  1. #1

    Small Commercial and Investment Real Estate Mortgages

    I wanted to see if anyone thought there was a market for small starting at 25k first mortgages on investment and commercial real estate. Currently is someone owns something and wants to borrow less then 150k or so they are very limited choices and do an MCA deal. This product is set up as a mortgage with a monthly payment and the cost is much lower an a MCA loan.
    Looking for thoughts if you think there is a market as well as how can we best market this product

  2. #2
    Member Reputation points: 7855 Richard Gomez's Avatar
    Join Date
    Apr 2017
    Location
    North Miami, FL & Queens, NYC
    Posts
    80

    In my opinion it's not worth it, put a 100k minimum loan amount, then you scale up. If you truly want to help that individual out, lead them to a local that will give them a HELOC [Home equity line of credit]. For example in Florida they are not offering that at the moment, so they would need to go to plan B. Any files you have needing help over 100k loan amount drop me an email.
    Gómez Capital Funding
    Richard Gómez~Director of Funding
    12555 Biscayne Blvd
    North Miami, FL 33181
    917.600.5647 Mobile
    305.320.7125 Office
    305.513.5735 Fax
    Richard@gomezcapitalfunding.com
    www.gomezcapitalfunding.com

  3. #3
    Senior Member Reputation points: 105805
    Join Date
    Feb 2017
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    1,770

    Richard, both Chase and Wells Fargo, and actually most banks, stopped offering HELOCs for now....
    https://www.nasdaq.com/articles/jpmo...tainty-2020-04
    https://www.pymnts.com/loans/2020/we...es-new-helocs/
    Micah Markowitz | mmarkowitz@abfunders.com | 855-33-GO-ABF (direct)

  4. #4
    Senior Member Reputation points: 231239
    Join Date
    Mar 2015
    Location
    Boynton Beach, FL
    Posts
    2,653

    Some community banks are still offering them.
    Seacoast Business Funding, a division of Seacoast Bank
    Kevin Henry-VP Business Development
    Kevin.Henry@SeacoastBF.com
    561-623-1872
    www.seacoastbf.com
    Boynton Beach, FL

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