All Discussions Tagged 'EXTENDED' - Real Estate Finance2024-03-29T13:32:08Zhttps://realestatefinance.ning.com/forum/topic/listForTag?tag=EXTENDED&feed=yes&xn_auth=noEXTENDED Transactional Fundingtag:realestatefinance.ning.com,2017-10-29:6517464:Topic:3103822017-10-29T23:23:20.855ZAlex Lucashttps://realestatefinance.ning.com/profile/PaulLucas
<p>We are looking for credible lenders who provide transactional funding. We will need to utilize the funds for 30-60 days. Our scenario works as follows:</p>
<p>* We are receiving offers to purchase distressed commercial portfolios. </p>
<p>* We have a lender who will provide 90% LTV.</p>
<p>* The properties have extreme equity at present (25%-75%).</p>
<p>* You provide the funding and you are repaid, your loan and fee at the closing table. Your loan and fee are placed on the HUD-1. …</p>
<p>We are looking for credible lenders who provide transactional funding. We will need to utilize the funds for 30-60 days. Our scenario works as follows:</p>
<p>* We are receiving offers to purchase distressed commercial portfolios. </p>
<p>* We have a lender who will provide 90% LTV.</p>
<p>* The properties have extreme equity at present (25%-75%).</p>
<p>* You provide the funding and you are repaid, your loan and fee at the closing table. Your loan and fee are placed on the HUD-1. Title company handles deposit and wiring of funds.</p>
<p>We are looking for a streamlined process with a company that has a track record and ability to provide POF/VOD. If you are a direct lender, please send terms and information. This is transactional funding 'extended'. We will not pay high fees. We desire to build a relationship as we have clients who would also be interested.</p>