[Olderguy]

Doing one now.....

Second mortgage commercial property:

NEEDED THE BELOW DOCS

Detailed Use of Funds

Last 3 months of Complete Business Bank Statements -
2022 Business Tax Return
Previous Year's Business & Personal Tax Returns - 2023 if available/ if not interim financials for businesses*
Property Financials: Last 2 years and YTD interim
Property Rent Roll -

On a deal size of this amount, we may consider a true principal payoff after only 12 months.

Here is how our pricing would look.

In consideration of a 2nd lien on the two multi-family properties -

Note we will require the applicable entities who own the property and owners to guarantee the loan. Terms are subject to stipulation review.


Funding amount: $525,000.00

Origination Fee: 4% - lender gets 2%, broker gets 2%

Estimated Term: 60 Months, 20% interest

Estimated Payments: $13,910.00