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01-02-2024, 02:51 PM #1Member
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Looking For an ABL that will take a Second Lien
I have a client with an investment property that is looking for an ABL that will come in at a 2nd. WBL doesn't work in their state. Any suggestions on other AB Lenders?
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01-02-2024, 03:16 PM #2Senior Member
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Is it commercial property?
State where located?
What's the balance on the first and the rate and term?
How much cash out do they need?
Current market value of the property?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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01-02-2024, 07:41 PM #3Senior Member
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Total combined LTV would for us would have to be under 65% and the min loan amount 500k.
Originally Posted by 8FigureFunder
bzuniga@Omegafund.com
www.omegafund.com
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01-03-2024, 03:12 PM #4Member
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The state is Arizona, and both properties have a LTV higher than 70. Between the to locations there is about $400K+ in equity.
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01-03-2024, 03:16 PM #5Senior Member
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- Irvine, CA
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LTV too high.....do they a primary residence...can do a Heloc up to 85% CLTV if 650 Fico and income
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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01-04-2024, 11:55 AM #6Member
Reputation points: 13
- Join Date
- Mar 2021
- Posts
- 48
Oo = 90cltv
noo = 75cltvAndrew Goldthorpe
Desk 707.521.0911
NewPoint Mortgage Wholesale
Andrew.Goldthorpe@NewPointMortgage.com
NewPointMortgage.com
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