Results 1 to 3 of 3
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06-14-2023, 10:55 PM #1
- Join Date
- Apr 2017
- Location
- Orange County, CA
- Posts
- 90
Brooklyn New York - Real Estate Equity Loan - Start Up Business/New Practice
Have a doctor breaking off from old practice looking to start a new practice.
Has property worth 3.3M, Debt is 1.6 MM, Wants to pull out 400-450K.
Interested in hard money or real estate loan officers that can fund in NY.
Please email me your info at raddison@bankloandepot.com
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06-14-2023, 11:47 PM #2
If it's primary residence can't do hard money.
Need a nmls licensed broker for NY and I have people who can do that.
If his Fico is decent and it's primary residence, have him go to a local credit union and get a HELOC. Home equity line of credit.
48% LTV right now....cash out might be 75% LTV.
If it's investment property or commericial property, that I can do....reach out.Steve 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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06-15-2023, 09:21 AM #3
- Join Date
- Aug 2014
- Posts
- 4
I just sent you an email. This is something WBL can facilitate and entails our cheapest rates in the country! (11% annually amortizing or 1.6% per month I/O).
Property type does not matter, even if it's a primary residence.
Likely 65-70% CLTV if the senior lien is an institutional bank.
Direct Lender
John O'Donaghue
Senior Vice President, Sales Manager
WBL California, LLC, a Licensed California Finance Lender and Broker
#60DBO-41841
World Business Lenders, LLC
P.O. Box 479
Elmsford, NY 10523
Email: jodonaghue@wbl.com
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