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04-10-2017, 10:31 AM #1
Reputation points: 18
- Join Date
- Dec 2016
- Location
- New York
- Posts
- 30
OK Real Estate Deal
I have a client that needs a $500K loan for 1 to 2 years. He has a 700 credit score, a $1.8MM property ( $700K bal ) $600K in equipment ( $300K bal ). He is doing around $130K a month . He did experience some slow months and showed a loss last year. Business is picking up which is why he needs this loan to pay off a couple of debts and buy a truck to pick up plastic from buyers & sellers all over the country. He is getting more business than he can handle right now. I also have a client that needs a mortgage on his 135 acres and house. I got him a loan initially through a private investor but now need to think about taking him out. Need $ 175K against a $400K property. He has 600 credit scores . I also have a Farmer/Rancher that is looking to refi his 2,700 acres into 1 loan. He did around $1.5MM last year and reduced a lot of his debt. He is looking for around $3.4MM. He has credit scores in the 650 and up range. -
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05-07-2017, 09:41 PM #2
You have a few scenarios, and I'm interest only in the first deal if it's a commercial property. Direct lender for stated income commercial loans.
What state?Criton Capital, LLC
12508 W. Atlantic Blvd
Coral Springs, FL 33017
Tel: 786-210-5557
Fax: 786-228-0884
loans@critoncapital.com
www.critoncapital.com
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