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08-08-2023, 11:22 AM #1
- Join Date
- Sep 2014
- Posts
- 83
Blanket Real Estate Collateral loan in 2nd position
Do you guys or gals know of any Real Estate Collateral lender willing to go in 2nd position and blanket multiple properties as a bridge loan..
Anybody besides WBL and Maxim
Thank you
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08-08-2023, 11:37 AM #2
I have several lenders who can do blanket liens...but not second position. I also have portfolio lenders.... Most of these deals (hard money) I put in 10 year Interest Only around 1% a month payment......, then amortized with a 1 year prepay buydown at 1% cost.
I have one lender who might go second position on commercial to a max of 65% CLTV.
Can you get me a SREO? Schedule of Real Estate?
I can also do full docs, dscr, etc.Last edited by Olderguy; 08-09-2023 at 10:28 AM.
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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08-10-2023, 05:20 PM #3
- Join Date
- Jan 2022
- Posts
- 42
What is the property types being pledged as collateral for the second positions?
Dan WallaceSVPEnterprise BankNational, direct SBA lenderFast and creative financing solutions970-390-6650dwallace@enterprisebank.com
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