All Discussions Tagged 'soft' - Real Estate Finance2024-03-29T07:57:55Zhttps://realestatefinance.ning.com/forum/topic/listForTag?tag=soft&feed=yes&xn_auth=noFinancing neededtag:realestatefinance.ning.com,2018-04-10:6517464:Topic:3199602018-04-10T02:47:00.324ZCarole L Singhhttps://realestatefinance.ning.com/profile/CaroleLSingh
<p><span>We need a proof of funds for a commercial deal. Can you provide one? What is fastest time someone you have could do a cash purchase. Anyone with 100% commercial purchase and rehab financing. We are the rehabbers.</span></p>
<div dir="auto">6 plex apartment building, (Downtown Residential). Interior has been gutted and is ready to be finished.</div>
<div dir="auto"><div>Features</div>
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<div>LISTING INFORMATION </div>
<div>Updated: 03/25/2018</div>
<div>12…</div>
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<p><span>We need a proof of funds for a commercial deal. Can you provide one? What is fastest time someone you have could do a cash purchase. Anyone with 100% commercial purchase and rehab financing. We are the rehabbers.</span></p>
<div dir="auto">6 plex apartment building, (Downtown Residential). Interior has been gutted and is ready to be finished.</div>
<div dir="auto"><div>Features</div>
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<div>LISTING INFORMATION </div>
<div>Updated: 03/25/2018</div>
<div>12 Bedrooms</div>
<div>11 Bathrooms</div>
<div>Multi-Family</div>
<div>4,536 Square Feet</div>
<div>Lot Size: 4356 sqft</div>
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<div>PUBLIC RECORDS </div>
<div>Updated: 04/01/2017</div>
<div>Multi-Family</div>
<div>4,536 Square Feet</div>
<div>Lot Size: 4,290 sqft</div>
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<div dir="auto">Purchase $50,000</div>
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<div dir="auto">rehab $100,000 max</div>
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<div dir="auto">Assessed value $93,000 as-is</div>
<div dir="auto">Assessed value when last functioning apartments $266,700 </div>
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<div dir="auto">ARV $325,000</div>
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<div dir="auto"><div>RENTAL ZESTIMATE : </div>
<div>$1,200/mo per 2 br apts X 6 apts = <span class="m_-6864229904491679602gmail-m_6964257404179186616money">$7,200</span> mo. </div>
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<div dir="auto">Zillow Comps</div>
<div dir="auto"><div>878 Chicopee St,</div>
<div>Chicopee, MA 01013</div>
<div>15 beds 6 baths -- sqft</div>
<div> SOLD: $100,000 as-is</div>
<div>Sold on 12/27/17</div>
<div>Zestimate®: $231,717</div>
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<div dir="auto"><div>56 Pine St,</div>
<div>Holyoke, MA 01040</div>
<div>9 beds 3 baths 3,875 sqft</div>
<div> SOLD: $260,000 finished upgrades</div>
<div>Sold on 11/20/17</div>
<div>Zestimate®: $255,679</div>
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<div dir="auto"><div>108 Walnut St,</div>
<div>Holyoke, MA 01040</div>
<div>6 beds 4 baths 2,800 sqft</div>
<div> SOLD: $205,000 3 apartments</div>
<div>Sold on 04/21/17</div>
<div>Zestimate®: $241,543</div>
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<div dir="auto"><div>124 Beech St,</div>
<div>Holyoke, MA 01040</div>
<div>8 beds 4 baths 2,500 sqft</div>
<div> FOR SALE </div>
<div>$219,900</div>
<div>Zestimate®: $214,960</div>
</div> Non-Prime CRE permanent financing with bank rates and no pointstag:realestatefinance.ning.com,2017-11-27:6517464:Topic:3123112017-11-27T17:00:07.668ZNatalie Dumonthttps://realestatefinance.ning.com/profile/NatalieDumont52
<p><span style="color: #ff0000;"><strong>Conventional loan requirements getting in the way?</strong></span></p>
<p><strong>BofI Federal Bank</strong> is offering income property lending solutions that traditional lenders cannot.</p>
<p>We are a <strong>NON-PRIME commercial bank</strong> financing multi-families and SBCs for credit-impaired borrowers and/or stabilized properties that were turned down by traditional lenders (Fannie/Freddie, local banks) for any reason.</p>
<p>Rates are in the…</p>
<p><span style="color: #ff0000;"><strong>Conventional loan requirements getting in the way?</strong></span></p>
<p><strong>BofI Federal Bank</strong> is offering income property lending solutions that traditional lenders cannot.</p>
<p>We are a <strong>NON-PRIME commercial bank</strong> financing multi-families and SBCs for credit-impaired borrowers and/or stabilized properties that were turned down by traditional lenders (Fannie/Freddie, local banks) for any reason.</p>
<p>Rates are in the range of 4.5-6.5%. No points</p>
<p>Loan brokers are paid <span style="color: #0000ff;"><strong>REBATES UP TO 2 ysp</strong></span></p>
<p>RE Brokers are paid <strong><span style="color: #0000ff;">referral fees of 0.5%</span></strong> for referring direct clients</p>
<p>Permanent financing only. No single-tenant properties</p>
<p>Nationwide lending</p>
<p><span style="color: #000000;"><strong>Please email scenarios to Natalie at ndumont@bofi.com or call me at 617-833-1565</strong></span></p>
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