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  1. #1
    Senior Member Reputation points: 5633
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    Mar 2019
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    104

    Real Estate Loans

    A bit out of my depth when it comes to real estate here so may not be anything but figured I would give it a shot.

    Have a builder who does single family owns and apartment buildings with projects ranging from 1mm - 20mm

    He currently has 3 projects under contract where he needs to come up with 70% and he can come up with the following 30%

    3 projects
    3.2mm - Utah
    3.2mm - New Mexico
    8.0mm - Texas

    His credit should be 680

    Is there a product for something like there? Sure more info is needed would be happy to cobroker here if the juice is worth the squeeze

  2. #2
    Senior Member Reputation points: 66298 Olderguy's Avatar
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    Sep 2021
    Location
    Irvine, CA
    Posts
    2,087

    Yes....

    I am doing a development project now $57M total. $27M for land and $30M for project....getting a term sheet for 85% LTC, 8.99% 5.5% fees paying 2% to broker. Will be for whole project land purchase and development construction.

    Typically these loans are 50% Loan to Value on Land and 100% ARV on construction.

    Break out/separate the land and development on these projects. I can probably do them all.

    Oh, I split commissions 50%....

    I hereby agree to a 50% commission split with any deals that fund for clients you send me. I may adjust it some for the more complicated packages but will agree to compensate you at a rate we both agree on and feel is fair.
    Last edited by Olderguy; 02-04-2022 at 02:09 PM.
    Steve Benjamin
    Professional Business Loans

    1012 Contessa
    Irvine, CA 92620
    steveprobiz@gmail.com
    https://probizloans.net/
    Broker, Underwriter, general business loan expert
    949.228.1050


    @ 24 hour funding working capital loans
    @ Term loans from 3 years to 10 years at 9.5% and up
    @ Equipment financing up to 7 years
    @ Property loans - Hard Money and traditional - Primary, Investment, commercial, land, fix and flip, construction.
    @ SBA loans - 7A and 504.
    @ Private money equity and debt for major investments
    @ Personal Loans up to gross income from personal tax return.

  3. #3
    Senior Member Reputation points: 4567 NickHubbard's Avatar
    Join Date
    Jun 2015
    Location
    Saint Louis, Mo
    Posts
    326

    Quote Originally Posted by ryanh View Post
    A bit out of my depth when it comes to real estate here so may not be anything but figured I would give it a shot.

    Have a builder who does single family owns and apartment buildings with projects ranging from 1mm - 20mm

    He currently has 3 projects under contract where he needs to come up with 70% and he can come up with the following 30%

    3 projects
    3.2mm - Utah
    3.2mm - New Mexico
    8.0mm - Texas

    His credit should be 680

    Is there a product for something like there? Sure more info is needed would be happy to cobroker here if the juice is worth the squeeze
    Check out Nathan Capital Group | https://nathancapgroup.com

    They specialize in CRE Bridge Loans, Ground Up Construction Financing and A&D Loans!
    Nick Hubbard
    Senior Loan Advisor
    314-252-0299 - Office
    314-885-2262 - Direct
    nick@elitefactoring.com
    www.elitefactoring.com

  4. #4
    I dont do construction, I will do the resi. Wholesale only - no broker daisy chain - you are direct to the money - you are paid directly from title.
    Andrew Goldthorpe
    Desk 707.521.0911
    NewPoint Mortgage Wholesale
    Andrew.Goldthorpe@NewPointMortgage.com
    NewPointMortgage.com

  5. #5
    Member Reputation points: 10
    Join Date
    Jan 2019
    Location
    New York
    Posts
    6

    If the smaller ones are targeting resi as well I could help on these.
    Let's connect.

  6. #6
    Senior Member Reputation points: 54
    Join Date
    Mar 2016
    Posts
    120

    Real Estate Loans

    We can help with the 70% and we'll both be paid at close by wire.


    Quote Originally Posted by ryanh View Post
    A bit out of my depth when it comes to real estate here so may not be anything but figured I would give it a shot.

    Have a builder who does single family owns and apartment buildings with projects ranging from 1mm - 20mm

    He currently has 3 projects under contract where he needs to come up with 70% and he can come up with the following 30%

    3 projects
    3.2mm - Utah
    3.2mm - New Mexico
    8.0mm - Texas

    His credit should be 680

    Is there a product for something like there? Sure more info is needed would be happy to cobroker here if the juice is worth the squeeze
    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

  7. #7
    Ryan,

    Can we jump on a call and discuss real estate financing?

    James St.Cyr
    Triumph Solutions LLC
    www.Triumphsolutionsllc.com

    9784906393

  8. #8
    Noob Reputation points: 10
    Join Date
    Jan 2022
    Location
    Atlanta, GA
    Posts
    1

    Looking for a No doc lender for residential Investment property in Atlanta, GA. Property value: $435,000
    Buyer has 700 FICO, 20% down with strong cash reserves.

    email: judepeters@possiblcapital.com

  9. #9
    Senior Member Reputation points: 66298 Olderguy's Avatar
    Join Date
    Sep 2021
    Location
    Irvine, CA
    Posts
    2,087

    Quote Originally Posted by Possibl Capital View Post
    Looking for a No doc lender for residential Investment property in Atlanta, GA. Property value: $435,000
    Buyer has 700 FICO, 20% down with strong cash reserves.

    email: judepeters@possiblcapital.com
    N Doc 620 Credit required
    Loan Amounts $ 100,000 to $ 2,500,000
    Fixed Term and Amortization to 30 years
    Fixed Rates from 7.75% % to 10.75%
    Up to 80% LTV
    Most property types
    Steve Benjamin
    Professional Business Loans

    1012 Contessa
    Irvine, CA 92620
    steveprobiz@gmail.com
    https://probizloans.net/
    Broker, Underwriter, general business loan expert
    949.228.1050


    @ 24 hour funding working capital loans
    @ Term loans from 3 years to 10 years at 9.5% and up
    @ Equipment financing up to 7 years
    @ Property loans - Hard Money and traditional - Primary, Investment, commercial, land, fix and flip, construction.
    @ SBA loans - 7A and 504.
    @ Private money equity and debt for major investments
    @ Personal Loans up to gross income from personal tax return.

  10. #10
    5.75% 30 year fix 3 year PPP - no broker license required if entity borrower - $1295 UW fee - you call your own points - wholesale direct - No ratio = no income docs or rental agreements
    Andrew Goldthorpe
    Desk 707.521.0911
    NewPoint Mortgage Wholesale
    Andrew.Goldthorpe@NewPointMortgage.com
    NewPointMortgage.com

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