Results 1 to 6 of 6
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11-10-2016, 01:29 PM #1
- Join Date
- Sep 2016
- Posts
- 9
direct lender or hegde funder
i have a few deals that are looking for interest only payments for 3 years on 3 million and a 6 million dollar deal.
interest rate has to be anywhere from 6-8%
give me a call for more information or if you can do this
347 981 4943
my name is fayzon
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11-11-2016, 04:04 PM #2
- Join Date
- Oct 2015
- Location
- Hartford, CT
- Posts
- 25
Interest only Term Loans will never be that Low. Hedge fund would be higher then direct lender.
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11-12-2016, 07:49 AM #3
- Join Date
- Mar 2014
- Location
- Ann Arbor, Michigan
- Posts
- 1,289
direct lender or hegde funder
Is there any existing debt or collateral?
Bob
734-928-3800
rshaw@delanceyfunding.com
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11-12-2016, 08:01 AM #4
- Join Date
- Dec 2014
- Location
- Quogue, NY
- Posts
- 1,108
Why would any lender (other than a commercial bank that is motivated to have depositors) look to deploy that much capital with such a small return?
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11-12-2016, 10:23 AM #5
- Join Date
- Mar 2014
- Location
- Ann Arbor, Michigan
- Posts
- 1,289
direct lender or hegde funder
Richard they might do a loan at those rates if it were a floater. 200-400 basis points over prime is in their ballpark.
I suspect, based on the limited information, they have some Senior debt.
Bob
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11-12-2016, 10:41 AM #6
- Join Date
- Dec 2014
- Location
- Quogue, NY
- Posts
- 1,108
Bob,
As you know if it's Mezz debt the costs go way higher than that.. Deal with several Commercial Banks here in the NY Metro Area (was just on the phone with a Neighbor who is the Senior VP of Commercial Lending at a large Community Bank -about your floater reply for verification purposes), and while they might put something out there for a stretch- they will never term it (3 years) without a clean up- unless it's AAA paper.
Of course if it was AAA paper- why would they be shopping with a Broker???
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