Mixed-Use CRE Hard Money Bridge
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  1. #1

    Mixed-Use CRE Hard Money Bridge

    Borrower seeking funding for $1.4MM Bridge financing for a CRE Mixed-Use property. Their credit scores are 606 (Trans Union), 596 (Experian), and 573 (Equifax). They have 25 percent for a down payment and have additional residential RE to cross-collateralize.

    Please advise if this something a deal you would be interested in funding.

    Thank you

  2. #2
    Senior Member Reputation points: 68259 Olderguy's Avatar
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    I have a lender that can do it but LTV would be in the 50% - 60% range. Hard money prepaid interest 6 - 12 months. and probably 6- 7 lender points, 3 broker points. They need more cash contribution. Will the seller do a carry back second?
    Steve Benjamin
    Professional Business Loans

    1012 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
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  3. #3
    Senior Member Reputation points: 16709
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    Quote Originally Posted by bmckenzie67 View Post
    Borrower seeking funding for $1.4MM Bridge financing for a CRE Mixed-Use property. Their credit scores are 606 (Trans Union), 596 (Experian), and 573 (Equifax). They have 25 percent for a down payment and have additional residential RE to cross-collateralize.

    Please advise if this something a deal you would be interested in funding.

    Thank you
    Depending on the location we can consider the LTV with additional cross collateral. Email me

    bzuniga@omegafund.com

  4. #4
    Senior Member Reputation points: 29542
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    I have a couple people who may be able to do this using equity on the other properties as well. feel free to give me a call.
    Midwestern Financial Solutions
    CEO
    Office - (954) 694-6402
    email- Info@midwesternfinancialsolutions.com
    MidwesternFinancialSolutions.com
    Where your box ends ours begins.
    https://www.linkedin.com/company/mid...ial-solutions/
    linkedin.com/in/brandon-cooper-426615267

  5. #5
    Senior Member Reputation points: 4567 NickHubbard's Avatar
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    Quote Originally Posted by bmckenzie67 View Post
    Borrower seeking funding for $1.4MM Bridge financing for a CRE Mixed-Use property. Their credit scores are 606 (Trans Union), 596 (Experian), and 573 (Equifax). They have 25 percent for a down payment and have additional residential RE to cross-collateralize.

    Please advise if this something a deal you would be interested in funding.

    Thank you
    Nathan Capital Group | https://nathancapgroup.com/
    Nick Hubbard
    Senior Loan Advisor
    314-252-0299 - Office
    314-885-2262 - Direct
    nick@elitefactoring.com
    www.elitefactoring.com

  6. #6
    Senior Member Reputation points: 1755
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    I can do this.
    Elon Henek
    HCI - Glen Cove, NY
    Main: 1-516-676-1854
    Cell: 1-516-236-4086

  7. #7
    Senior Member Reputation points: 54
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    60%-70%LTV
    12% rate
    12-24 mo term
    6 mo ppp
    1 - 3.5% origination lender and broker combined
    If title is clear close in a week
    Private loan
    Mike Lewis - commercial real estate loan broker / owner
    No up front fees loan broker
    Commercial real estate loans: Acquisition, refinance, construction and FAST bridge loans from $200k +

    tel/voicemail: 937-964-5355
    cell/voicemail: 440-637-5646
    corporate email: mikelewis@michaellewisgroup.com

    www.linkedin.com/in/cigarmike

    Veteran Owned

    WE CO-BROKER with an even 50/50 split and we both get paid by wire at close.

    We issue a combination mutual NDA / fee split, you introduce your CRE clients to us stating simply we handle your commercial real estate loans, we take it from there and keep you in the loop. When a loan you referred closes, you get paid at close by wire.If you can work with that please do not hesitate to contact us. Our loan forms are vanilla with no company name.

    Michael Lewis Group Commercial real estate loans

    http://michaellewisgroup.com/index.html

    Loan Matrix

    Forms

    About Us

    Discounted cell phone plans starting at $15 / month. AT&T from $30/mo, T-Mobile from $15/mo, Verizon from $35/mo.

    http://arthodyd.com/d.html

  8. #8
    Senior Member Reputation points: 34509 Jstarr's Avatar
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    if it’s a refinance based on those scores, we could offer 60% LTV, 30-Year fixed
    Last edited by Jstarr; 04-05-2024 at 12:30 PM.
    Jerry Starr
    Insource Funding
    433 Plaza Real,
    Boca Raton, Fl 33432
    P: 800-805-3391 Fx: 561-270-6895
    insourcefunding.net

    WHAT WOULD YOU DO " IF " YOU HAD THE CAPITAL

    ◆ 50% LTV - No Fico Required
    ◆ 90% CLTV on Purchases
    ◆ Investment Residential / Commercial Properties



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