Hi there! I'm Pat Allen and I have a client that would like to refinance a mixed use property in a suburb of Dallas, Texas. The client would like to avoid a short term bridge loan and instead refinance with something along the lines of a 5 or 7 year ARM or ideally something even longer if possible. Credit in the mid-600's. Building cash flows very well with all lower level suites leased and 14 of 16 apartments leased as well. Amount owed is $778,000. Value should come in at around $1.9 million. Not interested in hard money. We all have access to that. Need something with reasonable terms so that this client can increase her cash flow. She is currently paying 7.9% and her current loan must be refinanced by 5/21.
Please message me here if you have something that would help her!
Patricia Allen
Tags:
I'd say to reach out if you're amicable to working with a broker, but that mid-600s fico is going to be tough to mitigate even with alt/portfolio lenders, and so is the loan amount on some level. Might have one or 2 potential sources. Have you called around to any local/regional banks or CU's near the property?? What hasn't the client been able to go get bank/CU financing? What's been the major issues? Feel free to email/message. Thanks, Jared
Do you need any kind of loan to fund your project? if yes, let us know so we can send you more about the lending program. Contact us info@sptlendinghome.com
Happy to connect, If you ever intend to secure a loan for real estate, I will be able to help. We do 100% financing with one of the best rates in the market.
Contacts: wilson.curtis248@gmail.com
480 645-9237
Regards,
Wilson,curtis
Hello Pat Allen,
I’m a commercial mortgage broker with no upfront fee. I would be happy to assist your client with obtaining a loan. Minimum 620 FICO, rates from 4.25%+, up to a 75% LTV, up to a 10 year term and up to a 30 year amortization. Close within 45 days.
Contact me to discuss further and/or to obtain a Soft Quote outlining the specific loan terms, cost and reserve requirements.
__
Doug Braxton
Commercial Mortgage Broker
Braxton and Company
P:(800) 230-1424
www.braxtonandcompany.com | www.1-4investor.com
Hi Patricia
Have you secured funding for this property yet? If you haven't can you let me know here or at carlos@cdccapitalpartners.com. I maybe able to assist you in getting it done
Regards
Carlos
Hi There :
Visit our USA official website for your related loan request accordingly >
https://eccfunding.com/7384/landing/?business_type=PARTNERSHIP
Regards,
David Lee
Official Finance Agent # 7384
© 2021 Created by Admin.
Powered by