My client needs to refinance out of a hard money loan.
Property is Light Industrial - 2 parcels: one parcel leases out an office building with for a roofing company and the other parcel is a parking lot and leased out to an auto repair shop that uses it for overflow parking cars only. No repairs are perfomed on the lot.
Location is highly desirable near Telegraph Rd and I-95 (Zip Code 22314)
Total combined Tax Value of both parcels is $1.2M
Payoff of Hard Money Loan is $400,000 - no other liens attached
The owner does not occupy a business on either property.
The only income to the owner are the two leases that total $5,500/mo.
Owner seeks a minimum fixed rate period of 5 years in the 7% range if possible
Contact: Joe at firstname.lastname@example.org
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Good Afternoon Joe,
I would love to take a look at this for your client. Please give me a call or text @ (281)717-0689 (email@example.com
We don't pull credit until we have an approval so there is no risk of an unnecessary inquiry...
Hello Joe, do you still seek for funding?
Yes, Please tell me more about your company and capabilities.
Joe, write me on my personal mail so we can discuss better about your deal.
We are fast reliable. Fund globe from the range of a 100k to 10M.
Terms are negotiable. Feel free to write me so we can discuss better on how to move forward with your deal.
Call me better for us to discuss on phone
Rodger - Give me 24 hours. Under the gun today on another deal.
If you don't hear from me... call me.
Thx, Joe 703-980-1569
Joe i sent you a text and i don't know if you got it and also a mail.
Yes i can fund your deal email me direct Rmf_martin@aol.com
Hi Joe thanks for sharing.
Would the borrower be interested in a 30 year full fixed, fully amortized loan? Rate can be close to 7% with excellent credit.
Typically funding occurs 2-4 weeks from approval. No personal income verification and very limited docs to underwrite.
Let me know if you'd like to chat.