Results 1 to 5 of 5
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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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01-22-2017, 11:27 PM #2
- Join Date
- Jun 2015
- Posts
- 51
Seeking Real Estate Asset backed - Lender
I have lender I'm doing a 11 million dollar hotel finance and a 100 million dollar jet engines finance .
Text or cal 516-244-8345
Or email me Malan@connect2cash.net
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01-23-2017, 01:54 PM #3
Your not gonna find any investors or direct lenders for real estate on this forum. Also, sounds like they are trying to get a cash out with a 1st lien in place. A bridge loan lender is gonna want 1st position, especially with the amount they are looking to obtain. And they are only gonna lend up to a certain % of LTV.
Might wanna try the Scotsmanguide.comNick Hubbard
Senior Loan Advisor
314-252-0299 - Office
314-885-2262 - Direct
nick@elitefactoring.com
www.elitefactoring.com
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02-08-2017, 11:11 AM #4
- Join Date
- Feb 2017
- Location
- Fort Washington, PA
- Posts
- 37
I may be able to help you out on this and I’m also a direct lender. Feel free to reach out to me at 215-619-2543 or sbuchholz@velocitymortgage.com
We're in Scotsmanguide, too.Scott Buchholz
Account Executive
Velocity Mortgage Capital
215.619.2543 Direct
sbuchholz@velocitymortgage.com
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02-14-2017, 03:32 PM #5
- Join Date
- Mar 2015
- Posts
- 62
This has RCN written all over it - Really good guys to work with, and they have some very attractive programs in an otherwise pretty ugly space.
RCN Capital.Com
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