I have a long term customer that is seeking a $150,000 loan on an assisted living facility in Alabama. They currently have it purchased on contract but the seller will subordinate to a second position. The property has a recent appraisal of $840,000. The money will be used as deposits for lease/purchase contracts on two more ALF's in Alabama and for upgrades on those properties. Money can be paid back in 18 to 24 months from cashflow of the properties. The other exit is to refinance all of the facilities and complete the acquisitions upon stabilization. Borrower has been burned badly in the past from hard money lenders and is not will to pay upfront fees but will look at higher interest rates.
Hello To All,
I wanted to introduce myself and my Company which is Cyprus Associates , I am in the process of launching Cyprus based on my History in the Medical Staffing Industry for the last 25 Years ! Throughout my Journey I have formed connections with a plethora of Professionals which are either in the Financial Investment Arena , or who have Incredible Developments or Projects in which they seek Investors . I am a magnet to People and love collaborating with ALL who are seeking Funding or in search of Investments...
I just wanted to share that I would love to see how we can collaborate together on the Funding that YOU are seeking ...
I am direct to a lender that will finance the following: I also WELCOME Investors to contact me for Project Interest..
SBA Loans, Hard Money, Bridge Loans , So Many options just for YOU !
Oil, Gas, Alternative Energy, Wind Turbine
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Please email me firstname.lastname@example.org
Sure, not a problem. Hard Money Mike 443-838-9563
South Ft. Myers Fl. Since 1971. fishermike50@gmail
all 50 states. JUST LIVING THE DREAM!
Hi Monte if your looking for financing when you do an exit strategy please email me and I will send you our guidelines for assisted living facility. Our minimum is $1,000,000.00 , thanks and luck on your projects.
Maybe we can help. Check out my site, and fill in the information at the right. Hope we can get it done for you.
Charles A. Smith
© 2013 M and G Loan Investments. All rights reserved. M and G Loan is a registered trademark of M and G Financial Plc.
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 email@example.com or call me direct at 551-208-7661.
Monte, has this need been met?
Loan Consultant - Sunovis Financial
(913) 963-2825 / firstname.lastname@example.org
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