H. Jack Miller's Blog (7)

QuickLiquidity Closes $1.75 Million Real Estate Partnership Recapitalization

Press release on Preferred Equity Closing

For more information call me

Jack Miller

561-221-0900 ext 238

Added by H. Jack Miller on September 13, 2016 at 10:21am — No Comments

We are direct non bank private lender since 1989 lending in Philadelphia and Suburbs and South Florida

quick answers and closings, flexible terms, commercial and non owner occupied residential. We have been doing it since 1989 and are looking to make deals. Understanding underwriting, deal direct with decision makers

JackMiller@Geltfinancial.com

561-221-0900 ext 238

Added by H. Jack Miller on January 10, 2016 at 4:20pm — No Comments

Closed first mortgage on investment real estate so borrower can exit Chapter 11 Bankruptcy

Dip Lending, LLC is pleased to announce that it has just closed a commercial real estate loan first mortgage in New Jersey for a real estate investors that was in Chapter 11 Bankruptcy.   We were pleased to provide them with the financing they needed to pay off their existing lender and exit Bankruptcy.  According to Jack Miller, “When I spoke to the borrowers last evening after closing she could not stop thanking me and told me tonight will be the first night she sleeps well in years thanks…

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Added by H. Jack Miller on December 24, 2015 at 7:42am — 1 Comment

New Outstanding Mobil Home Park Financing Loan program

New Outstanding Mobil Home Park Financing Loan program

300k and up, rates as low as 3.61%, 30 year amm, Purchase or refi, with cash out, Flexible credit

 

Added by H. Jack Miller on November 15, 2014 at 7:16am — 7 Comments

Buy and Hold or Buy and Sell????

I was just looking at values of all the real estate that I have sold and in all cases the values were much higher and I would have been better off keeping it...... Thoughts?

Added by H. Jack Miller on December 24, 2013 at 7:59am — 3 Comments

Another successful workout completed owner saved big bucks

Just completed another successful work out with a bank:

The short version is the property was a retail shopping center with a cash flow, but the ownership was unable to refinance. The current loan had matured and the lender wanted it paid off, first they raised the interest rate, then they put it in default. The outcome was they gave the ownership a 24 month deal with a 20 year amortization. No fees or costs and dropped the rate by 300 bp to 5.5%, It worked out to a $74,000.00 annual…

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Added by H. Jack Miller on August 4, 2012 at 6:54pm — No Comments

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