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03-21-2016, 01:21 AM #1
Need 2nd pos Hard money for unflagged hotel in Florida
He just refied the 1st thru SBA.
Bank-approved appraised value: $2.2M
1st position is $1.2M
He's looking for $250-300K cash out, bringing him to 66-70% LTV including fees.
FICO is 720+
Net worth approx. $5M.
Can do blanket with additional hotel for slightly more cash out.
I only use this email for filter: solidmerchantsolutions@yahoo.com
or PM me. DIRECT LENDERS preferred, please.
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03-21-2016, 09:28 AM #2
Would like to take a look at appraisal and banks here to see what I could do. I can give offer off that Fico so we don't have to pull credit and if client is interested move forward from there. If everything looks the way you say I could be in range of that dollar amount with a factor in the high 2's low 3's as long as client doesn't have more than 1 advance. Let me know. Thanks
Regards,
Matthew A. Stucchio
Associate
World Business Lenders, LLC
120 W. 45th St.
5th & 29th Floor
New York, NY 10036
Main: (212) 293-8200
Direct: (212) 220-6018
Fax: (646) 417-7161
Email: Mstucchio@wbl.com
www.WBL.com
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03-23-2016, 12:01 AM #3
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