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01-20-2017, 05:01 PM #1
- Join Date
- Oct 2016
- Location
- Cherry Hill, NJ
- Posts
- 73
Seeking Real Estate Asset backed - Lender
Seeking a lender of for a $5.5 Million loan for 24 months at 8% annually. Party needs to buy out other owners in an investment property. Property is mixed use warehouse and manufacturing/packaging of textiles in 5 buildings, 1,000,000 ft2. There is 12.3 million in equity and property produces 2.4million annually in rent from long term tenant. Current owner has 56% and needs funds to buy out the rest. At 60%, current agreement has remaining owners must sell to majority owner or roll into a new agreement where they will be cashed out when property sells. Appraised value on property was over $25Million in 2014.
Lender would also have the opportunity to refi the entire property at the end of the 24 months. I have a full summary prepared by broker representing the party seeking the loan. I am not a broker, so I am not seeking a broker commission, just a finders fee we can negotiate. I will set you, the lender, up directly with the borrower's agent.
PLEASE: SEEKING DIRECT LENDER OR INVESTOR ONLYLast edited by tgabcmca; 01-23-2017 at 02:06 PM. Reason: clarify lenders or investor only
Thad German
America's Business Capital
www.americasbusinesscapital.com
Toll Free: 1-888-426-0377 x 022
Direct : 856-782-3801
tgerman@abcmca.com
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