I have 2 deals right now
first is a strip mall in Long Island NY, its got 9 of 10 stores occupied and is generating about an 11% cap rate
selling price is 1,050,000 $ I need a conventional 30/70 or 35/65 LTV commercial loan. buyer does not own any property at the moment and does not wish to give personal guarantee but otherwise he qualifies financially and is liquid
the other deal is a strait investment, I offer to 50/50 on all initial investments, I also offer preferred payment position and ALL deals are backed by real-estate with at least double the value of the investment.
I am a commercial broker in N.J., and my partner and I have over 35+ years of experience in the business. We have a number of lenders that will look at this deal and give you the conventional pricing that your customer needs. If your interested in working together, please feel to email me an Executive Summary to email@example.com. Please also feel free to visit our website at www.jwfunding.com.
Thanks and Good Luck,
J.W. Funding LLC
Call Sam Thomas at Paramount Financial Partners (515) 554-5541
Could you send me details on the first scenario? We may be able to work with this borrower if the property has some curb appeal and in a descent location.
I would like to take a look at your strip mall deal.. Please email me details to: firstname.lastname@example.org
My name is Steve Dao with Velocity Commercial Capital and I wanted to introduce you to our great niche. We are a wholesale commercial lender for small balance commercial loans from $100k to $2 million. We specialize in a TRUE STATED INCOME loan for 1-4 unit investment and commercial properties. With just a minimum mid fico of 650, you can get up to 70% LTV max with absolutely NO INCOME NO ASSETS verified (except for purchase, need to verify 3 month seasoning for down payment). I believe this would be a helpful investment tool for some of your clients to meet their investment property financing needs. We are between institutional bank and hard money financing. We offer a more cost effective financing solution versus traditional hard money.
Please email me your email address so I can send you some literature about our great niche. The broker/business agreement is simple and makes it easy to get signed up.
NO INCOME VERIFIED
NO ASSETS VERIFIED (for purchase will verify down payment, and for 1st time homebuyer possible 2-3 months reserves)
NO TAX RETURNS
NO CPA LETTER
NO PAY STUBS
NO YTD PROFIT & LOSS
NO 12-24 MONTHS BUSINESS BANK STATEMENTS
NO BALLOON PAYMENT
NO MAXIMUM NUMBER OF PROPERTIES OWNED
NO EMPLOYMENT VERIFICATION
MINIMUM 650 MID FICO
OK for SFRs, 2-4 UNITS, CONDOS, PUDs, MIXED USE, 5+ UNITS, COMMERCIAL
OK FOR SALARIED/W2’D BORROWER
REBATE PRICING (MAX 5 FRONT AND BACK END POINTS TOTAL)
I would love an opportunity to go over this useful niche with you and your team when time permits. The product will help meet some of the demand for those challenging income qualifying issues for your clients without costing them an arm and a leg. Please let me know if I may be of service. Thank you and HAPPY NEW YEAR!
Steve X. Dao,
Wholesale Commercial Loan Consultant
Velocity Commercial Capital
DRE Broker#01327633 NMLS#869952
30699 Russell Ranch Rd, Suite 295
Westlake Village, CA 91362
PH 866.505.3863 ext. 346
PH 818.338.9546 – direct #
Contact us today for a quick and urgent loan at a very low interest rate of 3%APR. We offer personal, company and business loans. Apply now and get your financial problems solved. Contact us via e-mail: email@example.com
Glad to finance this project-I am direct messaging you my contact details.
As a company, we successfully financed approximately $2 Billion in financing
in 2013. Please feel free to contact me any time.
Simcha Edward Margolis
As a corresponding lender our process is simple, consistent and fully transparent with information provided for your due diligence of our organization, history, references to ensure that you are comfortable in allowing us to be your financial partner in this and future opportunities. We believe that the relationship is as important as the funds if we are to work in harmony to achieve your goals. We are direct funding sources offering several programs including an International Investment Banking Group up to 100% funding either debt or equity or combination worldwide! We fund based on the project strength not LTV or LTC. We are interested in the Energy, Technology, Mining, Real Estate and Business- (lines of credit, working capital, contract financing, purchase order financing, factoring, etc.) sectors. 30 year proven track record!
We offer pricing is bank rate or better with terms of 3, 5,7,15 & 20 years. No front fees. Principals must cover third party cost prior to closing. Our market is domestic and international. To move forward we will need an executive summary with proforma or actual income statement for 3-5 years, use of funds statement and exit strategy showing timeline for repayment along with bio/resume of Principal and their team.
We provide funding for the borrower’s capital request in the form of debt, equity or a combination and allow all documented expense and fees paid by the borrower to be stacked on top of the funds requested. We can offer a moratorium on payments until the project is stabilized and cash flowing if the timeline to stabilization is reasonable.
(The following remark is not intended to offend but stated because of so many request from those who believe that all cost can be paid from closing proceeds):
“If there are no funds available to cover project cost and principals expects the lender to pay the necessary cost to determine if the project is lendable, close and fund the project and get their expenses from the loan proceeds then no one I know of can help you.” I have 28 years experience in this industry and have never seen that happen with lenders in the US, Western Europe or anywhere else.
NEPCO, INC - FUNDING FOR PROJECTS AND ASSETS IN THE ENERGY, TECHNOLOGY, MINING, BUSINESS AND REAL ESTATE SECTORS-WORLDWIDE
Ron Coleman, President
770-572-7765-ofc; firstname.lastname@example.org; nepcoinc1 -Skype
I may have a CMBS source that will do this type of deal, however the loan balance must be over $2M. The other option I have is for a Bridge Loan, 1-3 years Interest Only, 6-12% rate.
Sorry both options will require a Personal Guarantee. If you are open to these possibilities, I may be able to help.
I have a great commercial broker on Long Island. She can get the deals done. Please call Commercial Warehouse Inc. 516 385 2845. Good luck.