Brooklyn New York - Real Estate Equity Loan - Start Up Business/New Practice
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  1. #1
    Member Reputation points: 31
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    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

  2. #2
    Senior Member Reputation points: 72398 Olderguy's Avatar
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    Sep 2021
    Location
    Irvine, CA
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    2,244

    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.

  3. #3
    Quote Originally Posted by 1Loanguy View Post
    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
    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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