[PacOceanFunding]

Will provide the scenario by email for you evaluate it. Send me PM with your contact information and email address. Thanks

[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

[Olderguy]

American Credit*®Empowering Business Growth through Asset-Based Lending

Corey Rockafeler
2100 Geng Road,
Suite 210
Palo Alto, CA 94303
Office Phone:*650-331-0750
Fax: 650: 618-1637
Mobile: 646-399-8813E-
Fax:650-618-1637
Email:*corey@amcredit.com
URL:**https://amcredit.com

[ABLDIRECTLENDER]

Can do 2nd mortgages to 70% LTV in any state on all types of properties to $ 4M. FICO is not as important as repayment ability. Call or email. 650 331 0750 corey@amcredit.com

[Olderguy]

Non-owner occupied SFR's, not primary residences.