Results 1 to 7 of 7
Threaded View
-
04-04-2016, 06:03 PM #1
Global Refinance On Equipment / Real Estate
Hey guys,
I have a tough deal. The ask is $1.3MM. Here are the details:
790 FICO
$3MM of equipment (liquidation value)
$1.7MM of real estate
$700K monthly w/ strong balances
The equipment and real estate have a loan from Heartland for $1.5MM against them -- it is a single mortgage that encumbers both the real estate AND the equipment. I have appraisals for the equipment & the R/E.
They are willing to pay off the $1.5MM lien in exchange for a 50% LTV product against the equipment and R/E for approximately $2.3MM.
Who would be a good lender for this?Zachary Ramirez – CEO
Phone: 562-391-7099
Email: zach@zacharyjosephramirez.com
1661 N. Raymond Ave #265
Anaheim CA 92801
Similar Threads
-
Real Estate guy in need of ~20k
By Michael Jagiello BGF in forum Deal BinReplies: 4Last Post: 03-30-2016, 05:56 PM -
Looking to refinance equipment-based loan
By Fundyman in forum Deal BinReplies: 2Last Post: 05-01-2015, 12:48 PM -
Real Estate
By edobesh in forum Deal BinReplies: 5Last Post: 12-30-2014, 03:32 PM -
Real Estate Companies
By AliCat in forum Deal BinReplies: 2Last Post: 09-19-2014, 11:13 AM