Results 1 to 6 of 6
-
01-02-2024, 02:51 PM #1
- Join Date
- May 2023
- Posts
- 47
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?
-
01-02-2024, 03:16 PM #2
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.
-
01-02-2024, 07:41 PM #3
- Join Date
- Jul 2014
- Location
- Jackson Hole Wy
- Posts
- 732
Total combined LTV would for us would have to be under 65% and the min loan amount 500k.
bzuniga@Omegafund.com
www.omegafund.com
-
01-03-2024, 03:12 PM #4
- Join Date
- May 2023
- Posts
- 47
The state is Arizona, and both properties have a LTV higher than 70. Between the to locations there is about $400K+ in equity.
-
01-03-2024, 03:16 PM #5
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.
-
01-04-2024, 11:55 AM #6
- Join Date
- Mar 2021
- Posts
- 48
Oo = 90cltv
noo = 75cltv
Similar Threads
-
2nd position lien
By area1funding in forum All Other LendingReplies: 2Last Post: 02-27-2019, 05:00 PM -
Open Tax Lien
By McA Capital in forum Deal BinReplies: 11Last Post: 04-13-2017, 04:18 PM -
$13m Rev w/ a tax lien
By BW Capital Solutions in forum Deal BinReplies: 4Last Post: 05-16-2016, 11:45 AM -
Tax lien funders?
By helpinghand in forum Deal BinReplies: 5Last Post: 07-15-2015, 03:42 PM -
Merchant with lien
By bostriba in forum Merchant Cash AdvanceReplies: 10Last Post: 11-20-2014, 08:00 AM