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  1. #1
    Senior Member Reputation points: 203054
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    Commercial RE Finance

    Have merchant 670 fico
    has 46 properties (some are buildings some residential) looking for blanket loan to refi for total of about 4mill for renovations
    value of all properties combines is about 9mill
    complete financial packet ready to go
    is not looking for MCA type of anything looking for actual commercial mortgage for them. He has an offer from TD bank for 6 additional properties he is refi'ing currently at 8%, if any commercial lender can come close and get it done will send the rest to them.

    Thank you in advance

  2. #2
    Senior Member Reputation points: 34509 Jstarr's Avatar
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    Nov 2014
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    South Florida
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    838

    I sent you a message, this deal seems pretty straight forward but if he's looking for bank rates, this isn't the place for that - there isnt anyone on this site that will assist with bankable rates.
    Jerry Starr
    Insource Funding
    433 Plaza Real, Ste 275 Boca Raton, Fl 33432
    P: 800-805-3391 Fx: 561-270-6895
    Jerry@insourcefunding.net | insourcefunding.net

    WHAT WOULD YOU DO " IF " YOU HAD THE CAPITAL

  3. #3
    Member Reputation points: 633
    Join Date
    Feb 2017
    Location
    Fort Washington, PA
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    Quote Originally Posted by Sachip24 View Post
    Have merchant 670 fico
    has 46 properties (some are buildings some residential) looking for blanket loan to refi for total of about 4mill for renovations
    value of all properties combines is about 9mill
    complete financial packet ready to go
    is not looking for MCA type of anything looking for actual commercial mortgage for them. He has an offer from TD bank for 6 additional properties he is refi'ing currently at 8%, if any commercial lender can come close and get it done will send the rest to them.

    Thank you in advance
    I can compete with 8% and close faster than TD can, we're a portfolio lender, using "stated income." I can't offer a blanket on all properties, however based on the 670 FICO I could offer a 60%-50% LTV, is $4mil enough? Shoot me a pm or email me at sbuchholz@velocitymortgage.com .
    Scott Buchholz
    Account Executive
    Velocity Mortgage Capital
    215.619.2543 Direct
    sbuchholz@velocitymortgage.com

  4. #4

    Bank Rates Commercial loan

    It sounds like good deal so far. We can close this deal. Please give us a call and we'll get it done.

    Rafael Ovalles
    Realty Finance Advisor
    Express Capital Financing
    (: 718-285-0806 | Office
    (: 347-586-0628) | Fax
    (: 347-595-6813 | Mobile
    (: 929-427-0330) | Direct
    *: rafael@expresscapitalfinancing.com
    http://expresscapitalfinancing.com




    Quote Originally Posted by Sachip24 View Post
    Have merchant 670 fico
    has 46 properties (some are buildings some residential) looking for blanket loan to refi for total of about 4mill for renovations
    value of all properties combines is about 9mill
    complete financial packet ready to go
    is not looking for MCA type of anything looking for actual commercial mortgage for them. He has an offer from TD bank for 6 additional properties he is refi'ing currently at 8%, if any commercial lender can come close and get it done will send the rest to them.

    Thank you in advance

  5. #5
    Member Reputation points: 10
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    Apr 2017
    Location
    Buffalo, NY
    Posts
    5

    Send me some more information on this deal. I am interested in funding - rj@valmarfunding.com.

  6. #6
    Senior Member Reputation points: 49585 CraaaCraaa Radio's Avatar
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    460

    Nice file
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  7. #7
    Senior Member Reputation points: 4567 NickHubbard's Avatar
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    Saint Louis, Mo
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    326

    Quote Originally Posted by Ronald J. Rubino Jr. View Post
    Send me some more information on this deal. I am interested in funding - rj@valmarfunding.com.
    RJ,

    I never heard back from you on the FF&E deal.
    Nick Hubbard
    Senior Loan Advisor
    314-252-0299 - Office
    314-885-2262 - Direct
    nick@elitefactoring.com
    www.elitefactoring.com

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