IBS Bank can help with this. Georgia is a preferred location of ours. Please email or give me a call.
Copelon J. Kirklin
is this SFR? or MF?
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work directly with a lender and we offer the following funding programs:
$100% financing/bond funding. This funding is 100% financing, but, the principal must be able to be able to pay for the underwriting, due diligence and appraisal fees. We charge NO UPFRONT FEES to review a transaction. After reviewing the transaction, we submit it to underwriting and we do a conference call. We do some "Q & A" with the client and at the end, the client decides if they want to go forward. They don't pay any fees until they decide And, we even give out references after the conference call. Yes, you can call our clients and get feedback.
Recourse Funding. Commercial and residential loans from $25,000 up to $500,000. This is an asset based, no-credit score and no personal guarantee loan. We offer bank rates from 4% to 5.5%. 70% LTV based on the ARV (after repair value) of the property. For buy/sell, it's 12-18 month interest only and for buy/sell, we can do a 5 to 10 year term based on a 20 to 30 year amortization.
Non-Recourse Funding. For our non-recourse lending for loans of 70% to 80% LTV based on the ARV. So, for example: you have a client that needs a loan for $3 million and the property is worth $5 million (refinance scenario). Here, there is no personal guarantee and it is asset based. The client MUST be able to show reserves and prove he can service the debt.
Should you have any other questions either e-mail me at firstname.lastname@example.org or call me direct at 551-208-7661.
This is George Mallory with Drexel Brothers; www.drexelbrothers.com, nationwide private lenders, we lend on Multifamily (5+ units), mixed-use, office, retail, warehouse, self-storage, auto-service, warehouses, auto repair shops, day care businesses, hotels, motels, SFR, condo, townhomes, 1-4 SFR NOO units, and large SFR portfolio with a non-recourse loan, rates start at 3.5%, term 5-30yrs, based on the prevalent of the project our LTV from 75% to 100% finance. Business plan or a very detail executive summary is needed for underwriting, decisions within 24hrs, No advance fees, funding in 7 days to 45 days. Have a Powerful Day George R. Mallory, VP of Finance, Underwriter Mobile: 917-653-5215 Fax: 917-591-4601 Email: email@example.com Website: www.drexelbrothers.com