If anyone Says they can Finance anthing over 75% LTV RUN! - Real Estate Finance2024-03-28T14:44:53Zhttps://realestatefinance.ning.com/forum/topics/if-anyone-says-they-can-finance-anthing-over-75-ltv-run?commentId=6517464%3AComment%3A206244&x=1&feed=yes&xn_auth=noDee, I don't know if the majo…tag:realestatefinance.ning.com,2014-11-18:6517464:Comment:2062442014-11-18T23:01:34.790ZRich Coppagehttps://realestatefinance.ning.com/profile/RichCoppage
<p>Dee, I don't know if the majority fall into "normal" because I've worked with some pretty heavy-hitting developers and investors on projects up to $50 mil and they were considered unbankable by their own commercial banks (at least their projects were considered unbankable)! So they had to go through specialized private lenders. Now granted these were institutional size private lenders. So I probably do agree that there are a lot more scam artists at the lower end of the market than at…</p>
<p>Dee, I don't know if the majority fall into "normal" because I've worked with some pretty heavy-hitting developers and investors on projects up to $50 mil and they were considered unbankable by their own commercial banks (at least their projects were considered unbankable)! So they had to go through specialized private lenders. Now granted these were institutional size private lenders. So I probably do agree that there are a lot more scam artists at the lower end of the market than at the higher end.</p>
<p>Rich Coppage<br/> Vice President, Cressida Capital<br/> 8939 S. Sepulveda Blvd.<br/> Suite 102<br/> Los Angeles, CA 90045<br/> O: 213.784.2784 x1004<br/> M: 480.215.9909 <br/> F: 480.269.9805<br/> E: <a href="http://www.cressidacapital.com/" target="_blank">richc@cressidacapital.com<br/> www.CressidaCapital.com</a></p>
<p></p> Rich there are some that spec…tag:realestatefinance.ning.com,2014-11-18:6517464:Comment:2064062014-11-18T22:23:56.625ZDee Duncanhttps://realestatefinance.ning.com/profile/DeeDuncan
<p>Rich there are some that specialize in niche markets but there's always a caveat even i niche deals most of the people seeking help fall into the normal Commercial Bucket. This is why I choose to say something.I hear horror stories of people getting cheated out of $40,000 or more. That should never happen and sad to say majority of that comes from these scam artist claiming they can fund 100% financing loans.</p>
<p>Rich there are some that specialize in niche markets but there's always a caveat even i niche deals most of the people seeking help fall into the normal Commercial Bucket. This is why I choose to say something.I hear horror stories of people getting cheated out of $40,000 or more. That should never happen and sad to say majority of that comes from these scam artist claiming they can fund 100% financing loans.</p> I understand I am just old fa…tag:realestatefinance.ning.com,2014-11-18:6517464:Comment:2061952014-11-18T19:34:10.632ZDee Duncanhttps://realestatefinance.ning.com/profile/DeeDuncan
<p>I understand I am just old fashioned in my business model if I have to tie up additional assets to make a loan on a commercial loan. To me that makes not since to do that a commercial property should have enough cashflow to support the loan period. If down payment is an issue work it out with the seller. Thank you Kathleen cheers.</p>
<p>I understand I am just old fashioned in my business model if I have to tie up additional assets to make a loan on a commercial loan. To me that makes not since to do that a commercial property should have enough cashflow to support the loan period. If down payment is an issue work it out with the seller. Thank you Kathleen cheers.</p> And Dee you are correct. You…tag:realestatefinance.ning.com,2014-11-18:6517464:Comment:2063122014-11-18T19:28:15.654ZRich Coppagehttps://realestatefinance.ning.com/profile/RichCoppage
<p>And Dee you are correct. You have to bring some cash to the table even with structured finance because equity investors may be willing to put up to 90% of the equity with a strong sponsor, but the other 10% has to come from the sponsor. The caveat would be with certain credit tenant construction projects where experienced developers can get 100% LTC deals done.</p>
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<p>Rich Coppage<br></br>Vice President, Cressida Capital<br></br>8939 S. Sepulveda Blvd.<br></br>Suite 102<br></br>Los…</p>
<p>And Dee you are correct. You have to bring some cash to the table even with structured finance because equity investors may be willing to put up to 90% of the equity with a strong sponsor, but the other 10% has to come from the sponsor. The caveat would be with certain credit tenant construction projects where experienced developers can get 100% LTC deals done.</p>
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<p>Rich Coppage<br/>Vice President, Cressida Capital<br/>8939 S. Sepulveda Blvd.<br/>Suite 102<br/>Los Angeles, CA 90045<br/> O: 213.784.2784 x1004<br/>M: 480.215.9909 <br/>F: 480.269.9805<br/>E: <a href="http://www.cressidacapital.com/" target="_blank">richc@cressidacapital.com<br/>www.CressidaCapital.com</a></p>
<p></p> Dee -
Yes and no. While it i…tag:realestatefinance.ning.com,2014-11-18:6517464:Comment:2061922014-11-18T19:21:49.592ZRich Coppagehttps://realestatefinance.ning.com/profile/RichCoppage
<p>Dee -</p>
<p>Yes and no. While it is true that most commercial banks and some private lenders won't allow 2nd mortgages and will in some cases preclude mezz financing as well, there are specialty lenders that will do senior stretch financing with up to 90% leverage for sound projects with good sponsorship. In essence, it would be a first mortgage and second mortgage combined with an equity kicker. But you are right in that most commercial banks don't offer innovative structures like this,…</p>
<p>Dee -</p>
<p>Yes and no. While it is true that most commercial banks and some private lenders won't allow 2nd mortgages and will in some cases preclude mezz financing as well, there are specialty lenders that will do senior stretch financing with up to 90% leverage for sound projects with good sponsorship. In essence, it would be a first mortgage and second mortgage combined with an equity kicker. But you are right in that most commercial banks don't offer innovative structures like this, so yes if you are looking for plain vanilla financing, don't count on LTVs and LTCs going above that 75% threshold. Although Multi-family has gone as high as 80%.</p>
<p>Of course my comments relate to the commercial side. I have no idea what lending guidelines look like on the residential side of the business.</p>
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<p>Rich Coppage</p>
<p>Vice President, Cressida Capital</p>
<p>8939 S. Sepulveda Blvd.</p>
<p>Suite 102</p>
<p>Los Angeles, CA 90045<br/> O: 213.784.2784 x1004</p>
<p>M: 480.215.9909 </p>
<p>F: 480.269.9805</p>
<p>E: <a href="mailto:richc@cressidacapital.com">richc@cressidacapital.com</a></p>
<p><a href="http://www.cressidacapital.com/" target="_blank">www.CressidaCapital.com</a></p>
<p></p>
<p></p> agree,, just the bank is Deut…tag:realestatefinance.ning.com,2014-11-18:6517464:Comment:2061902014-11-18T18:50:10.539ZKathleen Smithhttps://realestatefinance.ning.com/profile/KathleenSmith
<p>agree,, just the bank is Deutsche Bank, and the banker is the owner of our company,, we have been at this for years, and its not for lending to people with no money,, its for lending to high net worth that cant unwind valuable assets, and still allowing them to transact. </p>
<p>agree,, just the bank is Deutsche Bank, and the banker is the owner of our company,, we have been at this for years, and its not for lending to people with no money,, its for lending to high net worth that cant unwind valuable assets, and still allowing them to transact. </p> I watched the Video Kathleen…tag:realestatefinance.ning.com,2014-11-18:6517464:Comment:2061862014-11-18T18:32:50.918ZDee Duncanhttps://realestatefinance.ning.com/profile/DeeDuncan
<p>I watched the Video Kathleen using alternative assets to fund a commercial real estate deal is not something I would advise. Kudos to you and your company for being willing to do that. If a commercial asset is NOT strong enough to support a loan and the sponsor/borrower does not have the cash down payment to acquire the asset I would say walk away from it. Again Think Like a bank and protect yourself from bad deal structures that you will regret later. Not Saying this about your company…</p>
<p>I watched the Video Kathleen using alternative assets to fund a commercial real estate deal is not something I would advise. Kudos to you and your company for being willing to do that. If a commercial asset is NOT strong enough to support a loan and the sponsor/borrower does not have the cash down payment to acquire the asset I would say walk away from it. Again Think Like a bank and protect yourself from bad deal structures that you will regret later. Not Saying this about your company Kathleen just in General rule of thumb.</p> well, not 100% true, maybe fo…tag:realestatefinance.ning.com,2014-11-18:6517464:Comment:2061782014-11-18T17:02:07.673ZKathleen Smithhttps://realestatefinance.ning.com/profile/KathleenSmith
<p>well, not 100% true, maybe for true for unrecognized companies.</p>
<p>we do 100% plus,so it would be better to understand what institution is offering the product and how, rather then saying its not available. </p>
<p>you can see the details and intro video on how we do it, and it is very transparent.</p>
<p>Additional details on our websites at: <a href="http://www.superjumboloans.info/">www.superjumboloans.info</a></p>
<p>for more info on the topic, email me and i will give you…</p>
<p>well, not 100% true, maybe for true for unrecognized companies.</p>
<p>we do 100% plus,so it would be better to understand what institution is offering the product and how, rather then saying its not available. </p>
<p>you can see the details and intro video on how we do it, and it is very transparent.</p>
<p>Additional details on our websites at: <a href="http://www.superjumboloans.info/">www.superjumboloans.info</a></p>
<p>for more info on the topic, email me and i will give you details.</p>
<p></p>
<p>Kathleen Smith</p>
<p>Harbour Equity Partners<br/> Private Client Services, LLC</p>
<p>Admin Assist. | Private Banking and Client Services</p>
<p>NY Office 631-757-9700</p>
<p>Fax. 631-991-9142<br/> Email. <a href="mailto:Info@SuperJumboLoans.Info">Info@SuperJumboLoans.Info</a> </p>