Results 1 to 4 of 4
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01-28-2020, 05:18 PM #1
- Join Date
- Apr 2014
- Location
- Chicago, IL
- Posts
- 185
Seconds on Commercial Property
I have a commercial property deal that needs a second as the first has a hefty PPP on it. Anyone do these? What are min req's? Please email me or reply to this post. Do Not PM.
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02-07-2020, 09:49 PM #2
- Join Date
- Mar 2016
- Posts
- 123
We can facilitate 2nds on commercial properties
- up to 75%
- these are not cheap but beat paying off a 1st to grab some cash ( 15-16% )
- LENDER WILL NOT ORDER ANY 3rd party reports ( saves the borrowers cash )
- Fund typically as soon as the inter creditor agreement comes in
- $1MM and up. ( exceptions on a case by case basis)Mike Lewis - commercial real estate loan broker / owner
No up front fees loan broker
Commercial real estate loans: Acquisition, refinance, construction and FAST bridge loans from $200k +
tel/voicemail: 937-964-5355
cell/voicemail: 440-637-5646
corporate email: mikelewis@michaellewisgroup.com
www.linkedin.com/in/cigarmike
Veteran Owned
WE CO-BROKER with an even 50/50 split and we both get paid by wire at close.
We issue a combination mutual NDA / fee split, you introduce your CRE clients to us stating simply we handle your commercial real estate loans, we take it from there and keep you in the loop. When a loan you referred closes, you get paid at close by wire.If you can work with that please do not hesitate to contact us. Our loan forms are vanilla with no company name.
Michael Lewis Group Commercial real estate loans
http://michaellewisgroup.com/index.html
Loan Matrix
Forms
About Us
Discounted cell phone plans starting at $15 / month. AT&T from $30/mo, T-Mobile from $15/mo, Verizon from $35/mo.
http://arthodyd.com/d.html
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03-02-2020, 12:21 AM #3
- Join Date
- Mar 2020
- Posts
- 160
Anthony Auriemma
732-552-5010
Bilderberg Business Lenders
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03-02-2020, 09:45 AM #4
- Join Date
- Jul 2014
- Location
- Jackson Hole Wy
- Posts
- 726
Depends on the property type and the cashflow. But if 65% max 75% with strong cash flow this 2nd can be done.
Ben Zuniga
Bzuniga@omegafund.com
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