[MissouriBroker1]

I have a client with a brand new retail center in Columbus, OH with 14 units that is 100% leased out. Tenants will be able to start moving in to their units in June and July. He needs to install several HVAC units and have additional operating capital until the center opens and it starts bringing in income. The monthly income will be $26,900. He is looking for a $200,000 Second Mortgage behind a $600,000 First. Estimated "As is" value is $3MM with an after upgrades installed value of $3.2MM. Using the "As is" value puts the CLTV at 27%. Any thoughts on who can do this?

Tom Harrier
Integrity Commercial Loans, LLC
broker@tomharrier.net
407-928-8542

[Olderguy]

Tony might be able to help you with this....equipment and W/C

Tony Borchello
Director of Commercial Lending
Tony@financeitforward.com
888-211-2192
949-800-5767

Also Corey does second mortgages but not sure what he can do pre-revenue:

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

[NickHubbard]

I have a client with a brand new retail center in Columbus, OH with 14 units that is 100% leased out. Tenants will be able to start moving in to their units in June and July. He needs to install several HVAC units and have additional operating capital until the center opens and it starts bringing in income. The monthly income will be $26,900. He is looking for a $200,000 Second Mortgage behind a $600,000 First. Estimated "As is" value is $3MM with an after upgrades installed value of $3.2MM. Using the "As is" value puts the CLTV at 27%. Any thoughts on who can do this?

Tom Harrier
Integrity Commercial Loans, LLC
broker@tomharrier.net
407-928-8542

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