2nd lien position loan - Commercial property needed!

[Zane Graser]

I have an investor who is looking for funding for a down payment on a commercial property (Retail stores, restaurant, daycare..etc.) all leased. Purchase price is $3.1M and he is looking for a $750k loan to fund the down payment. If you agree to do this, you would have to take a second lien position on the loan as the bank who will be lending the remaining balance will take first lien. 

Please let me know if you are interested or have any questions. 

 

Purchase price: $3.1M

Down Payment 20%-25% : $750 is the request

Cap rate: 9%

Investor has excellent FICO: 780+

Please reach out to me if you would be interested in financing this or as a partner.

Thank you.

[Chad Davis]

What would be the exit strategy be from the 2nd position lien holder? This seems like a stabilized asset at that CAP rate with room for increased rent ( I could be wrong). The question would be how is value going to be created to exit that 2nd position.

[Zane Graser]

Hi Chad, I have to get more information on this from the borrower.  I'll shoot you an email tomorrow.

Thank you.

[Chad Davis]

Hey Zane, No problem. I meant to say at that CAP rate not seeing much room for increased rent.

[WKL David]

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[WKL David]

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[WKL David]

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