Good afternoon real estate finance. My name is Evan Thomas. I have an investor that is interested in buying a 3 unit property that is in Houston, Tx. The property was gutted and completely rehabbed so it is now vacant but in good condition so it will be easy for him to rent out the units. New flooring, windows, repaired roof, 2 new garage doors, complete bathroom remodels in all 3 units with new appliances in the kitchens. Current owner had a financial emergency and needs to sell by end of March. Priced at $735,000. My investor can put down up to 20%. Normally I would have easy funding for this but since it is vacant I cannot do better than 70% LTV. Does anyone here have an 80% LTV purchase loan, even though the property does not need rehab? Not looking for a bridge loan. This is a buy and hold and borrower wants to be 7% or at least get close to it.

Anyone has a product for this right now?

Evan Thomas

Views: 142

Reply to This

Replies to This Discussion

Commercial Real-Estate Backed Funding

https://davidallencapital.com/?refcode=102714544

Longer Terms.  Higher Offers.

Loan offers up to $50M.
Lower payments with terms up to 5 years with 30 year amortization.
Current Rates 7.5% - 8.5%*.

Do you need Cash Injection to keep your business running? Look no further, Globalfund Limited have been providing excellent financing solutions. We help businesses succeed by offering alternative rates on a wide range of services such as working capital,
loans, line of credits, equipment financing or merchant cash advances without all of the corporate red tape.
If you are interested in our business funding products please feel free to send us an email.

For more information send an email to: globalfundonline@gmail.com

Or Call: +852 3001 5149

Regards,
David Chen

Alternative Financing Solutions
NSS USA Broker Code : DL49
Who referred you? Please put my broker code in all capitals
Trustpilot Verified Company TrustScore *4.8 out of 5

Commercial Real Estate Loans
$300k-$75M
Purchase, Refinance, or Flip Commercial Real Estate.
UP TO 90% LTV
Origination Fees: 1-4%
NON-OWNER OCCUPIED
5/1 ARM (Fully Amortizing)
7/1 ARM (Fully Amortizing)
30-Year Fixed
Interest-Only Options
600 Minimum Credit Score
https://salesforce.123formbuilder.com/form-6143227/commercial-loan-...

*We are NOT a Direct Lender but will match you with a lender that is the best fit for your specific needs and Term Sheet will be sent to you after submission*

RSS

© 2024   Created by Admin.   Powered by

Badges  |  Report an Issue  |  Terms of Service