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03-28-2024, 10:08 AM #1
- Join Date
- Jan 2024
- Posts
- 14
Looking For 1st Position Bridge Loan or Hard Money
Client with an office building worth $3.2MM. They have a 1st mortgage of approximately $600K and seeking $100K in bridge financing to finish installation of air conditioners for building.
Leases in place for tenants for June 1st occupancy.
Let me know what type of rate and terms you can provide for this client.
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03-28-2024, 10:16 AM #2
reach out...
can look at a 2nd mortgage - 22%
or a hard money first - 11% I/O ten years...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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03-28-2024, 04:16 PM #3
- Join Date
- Aug 2021
- Posts
- 69
I can do an unsecured loan range of 5%-15% 5-7 year term. I need two years personal tax returns reflecting $50,000 in personal income and a three bureau credit report with a 680 across all three bureaus in order to get pre qualified. Can get funding within 7-10 business days. Zero restrictions on the funded amount. Fully amortized.
Give me a call
8158780244
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03-28-2024, 05:13 PM #4
- Join Date
- Jan 2024
- Posts
- 14
This will not work as the client's credit scores are in the lower 600's, but thank you for the follow up.
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