Results 1 to 8 of 8
-
04-02-2024, 01:08 PM #1
- Join Date
- Jan 2024
- Posts
- 16
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
-
04-02-2024, 01:35 PM #2
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
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.
-
04-02-2024, 02:28 PM #3
- Join Date
- Jul 2014
- Location
- Jackson Hole Wy
- Posts
- 737
Depending on the location we can consider the LTV with additional cross collateral. Email me
bzuniga@omegafund.com
-
04-03-2024, 11:30 AM #4
- Join Date
- Jun 2021
- Location
- miami
- Posts
- 436
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
-
04-03-2024, 12:51 PM #5
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
-
04-04-2024, 05:29 AM #6
- Join Date
- Oct 2022
- Posts
- 304
I can do this.
-
04-04-2024, 12:06 PM #7
- Join Date
- Mar 2016
- Posts
- 127
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 loanMike 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
-
04-05-2024, 08:52 AM #8
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
Similar Threads
-
Looking For Bridge Loan or Hard Money
By bmckenzie67 in forum All Other LendingReplies: 3Last Post: 04-29-2024, 06:54 PM -
Looking For Bridge Loan or Hard Money
By bmckenzie67 in forum Business LoansReplies: 1Last Post: 03-28-2024, 11:46 AM -
Need Hard Money - Florida Mixed Use low LTV
By hvslv in forum Real Estate LendingReplies: 12Last Post: 02-13-2024, 10:49 PM -
Hard money bridge loan
By Lenny in forum All Other LendingReplies: 3Last Post: 02-13-2023, 08:34 PM -
60k Needed ASAP - bridge or hard money or other
By CFSCCorp in forum Deal BinReplies: 2Last Post: 04-07-2017, 06:35 PM