Results 1 to 6 of 6
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02-11-2022, 11:31 AM #1
Reputation points: 10
- Join Date
- May 2019
- Posts
- 29
Collateral Loan needed for client 3M no mortgage
Have a client looking for 2.1M with collateral.
The property is in Hawaii valued around 3M. The property is free and clear of any mortgage but has 2 commercial loans of about 300k each.
He has some MCA's as well and is looking to consolidate everything into one payment all in all he has 1.2M in debt.
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02-11-2022, 11:36 AM #2
He is looking for 70% LTV cash out. 2.1M by $3M.
#1 Full Doc / Bank Statement 650 Credit required
Loan Amounts $ 100,000 to $ 2,500,000
Fixed Term and Amortization to 30 years
Fixed Rates from 4.875% to 9.75%
Up to 75% LTV on Refinances and 80% on purchases
Most commercial property types
#2 Full Doc 620 Credit required
Loan Amounts $ 200,000 to $ 10,000,000
Up to 75% LTV
Amortization 25 or 30 years
Term: 5,7 & 10
Fixed Rates from 4% to 6%
Recourse: Full and partial
Property Types: Multi-Family, Mixed Use, Office, Retail, Light Industrial/Warehouse, Self-Storage, Commercial Condo, Mobile Home Parks, Investment Residential (1-8 Units), Short Term Rentals, Automotive, Restaurants (including quick service), Parking Lots/Garages
# 3 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 75% LTV
Most commercial property types
Non-Prime - more flexible lite income doc
Loan Amounts $ 100,000 to $ 1,500,000
Fixed term and amortization to 25 years
Fixed rates from 7.99
Up to 70% LTV
Most commercial property types
Bridge
Loan Amounts from $ 1m to $ 10M
Interest only terms 1 to 3 years
Rates 7.99% to 10.99%
70% of As-Is Value and 75% ARV
Most Commercial property typesSteve Benjamin
Professional Business Loans
522 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.
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02-11-2022, 02:34 PM #3
Reputation points: 5611
- Join Date
- Jan 2022
- Posts
- 42
Direct lender here, no broker chain.
We have several options depending on the property type, cash flow, etc.Dan WallaceSVPEnterprise BankNational, direct SBA lenderFast and creative financing solutions970-390-6650dwallace@enterprisebank.com
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02-15-2022, 10:49 AM #4
Reputation points: 10
- Join Date
- Feb 2022
- Posts
- 6
Ali Chughtai
Business Development Partner
40 Broad St NY, NY 10004
Hanover Capital Group
929-409-9849.
I will give you the best rate possible please contact me and let's make a deal.
Thank you.
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02-15-2022, 04:51 PM #5
Reputation points: 13
- Join Date
- Mar 2021
- Posts
- 48
Interested
Andrew Goldthorpe
Desk 707.521.0911
NewPoint Mortgage Wholesale
Andrew.Goldthorpe@NewPointMortgage.com
NewPointMortgage.com
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02-28-2022, 09:03 PM #6
Reputation points: 10
- Join Date
- Jan 2019
- Location
- New York
- Posts
- 6
This deal should not be hard. Discuss the skeletons in the closet.
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