Need a mixed use lender for a 16 unit apartment building with storefront on first level
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
Replies to This Discussion
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Permalink Reply by Jared Rine on
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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
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Permalink Reply by WKL David on
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Hi Patriotic Investor :Where are you located ?Send us your Executive Summary with your related business documents and your company full contact details for our review.Regards,David LeeEmail : davidwklee@davidwkleeglobalfunding.com
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Permalink Reply by Ernest Machelin on
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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
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Permalink Reply by Wilson Curtis on
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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
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Permalink Reply by Doug Braxton on
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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.
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Doug Braxton
Commercial Mortgage Broker
Braxton and Company
P:(800) 230-1424
www.braxtonandcompany.com | www.1-4investor.com
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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
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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
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*** USA Hard Money Loan Offer ***All Loans Are “ NO DOC ” or “ LIMITED DOC ”All Information Provided Will Be Treated As Strictly ConfidentialWe Will NOT Sell or Distribute Your Personal Information
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We HAVE hundreds of NON BANK lenders and finance groups resources BOTH USA , CANADA AND WORLDWIDE who can finance start-ups, acquisitions ( where the borrower has little cash to contribute) and debt restructuring for troubled companies in most countries, with or without hard assets.The money sources that we have are generally NON BANK lenders that provide financing to companies and individuals seeking commercial financing who cannot obtain adequate capital to grow or run their business.We will review and analyze the clients funding request and then seek to find an appropriate funding source from the hundreds we have to provide the requested funding.* An old joke goes; 'You can get as much money as you need from a bank as long as you can prove you don't need it'. Otherwise, you may need our help or services.*ON ANY FUNDING TRANSACTION TO START, WE SIMPLY NEED THE FOLLOWING QUESTIONS ANSWERED:1] THE CITY AND STATE ( OR COUNTRY) WHERE THE TRANSACTION IS LOCATED? ___________________________2] HOW MUCH CAPITAL IS BEING REQUESTED? _______________________________________3] WHAT ARE THE FUNDS NEEDED FOR:A] TO START A BUSINESS ? YES ______ NO ______B] ARE THE FUNDS NEEDED TO EXPAND, IMPROVE OR REFINANCE AN ALREADY OWNED OPERATING BUSINESS?YES ______ NO ______C] IF YES TO THE ABOVE QUESTION WHAT KIND OF BUSINESS? _____________________________________D] ARE THE FUNDS NEEDED TO BUY AN OPERATING BUSINESS? YES ______ NO ______E] IF AN ACQUISITION, WHAT SPECIFIC TYPE OF BUSINESS IS BEING ACQUIRED? _____________________________F] ARE THE FUNDS NEEDED TO BUILD A START-UP PROJECT OF SOME KIND ? YES ______ NO ______* Once answered we can then initially forward to you the correct funding application document /worksheet to be completed, which will allow us to provide the best financing terms *Wish All The Best And Stay Safe !!
Sender is NOT a United States Securities Dealer or Broker or U.S. Investment Adviser. Sender is a consultant and makes no warranties or representations as to the buyer, seller or transaction. All due diligence is the responsibility of the buyer and seller. This E-mail letter and the attached related documents are never to be considered a solicitation for any purpose in any form or content. This document including any attachments hereto is a response to a formal request of information only. Upon receipt of these documents, the Recipient hereby acknowledges this disclaimer. These documents are not from any banking or other Institution. We do not provide securities or securities related advice. No information herein shall be construed as a solicitation of investment funds or a securities offering in any way. These Confidential communications are protected under Gramm-Leach-Bliley Act 15 USC, Subchapter 1, sections 6801-6809 and other laws addressing the disclosure of Non-Public Personal Information.
Please NOTE: This message is privileged, confidential and is intended for information purposes only. The above and/or attached information is for private transactions that are available between the principal entities involved. This is not intended to be, and must not be construed to be in any form or manner as a solicitation of investment funds or a securities offering.
***CONFIDENTIALITY STATEMENT: This message together with any attachments contained in the email is confidential and may also be privileged. The information is intended only for the use of the individual or individuals, or entity to whom it is addressed. If you are not the intended recipient, or the employee or agent responsible for delivering it to the intended recipient, you are hereby notified that any use, dissemination, distribution or copying of this communication and/or attachments is strictly prohibited. If you have received this email in error, please immediately notify us by forwarding the message to davidwklee@davidwkleeglobalfunding.com and deleting the original message. Thank you.***
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INTRODUCTION* FEL - Our Funding Source In New York USA *Our funding source in New York USA can arrange alternative financing for non-bankable commercial transactions throughout the United States as well as internationally.Functioning as a national clearinghouse, our funding source in New York USA represents hundreds of NON BANK lenders and finance groups who can finance start-ups, acquisitions ( where the borrower has little cash to contribute) and debt restructuring for troubled companies in most countries, with or without hard assets.Our funding source in New York USA has NO upfront fees. They will review and analyze the clients funding request at their expense and then seek to find an appropriate funding source from the hundreds they represent to provide the requested funding. ONLY after this process and ONLY if they are able to find a funding source who will give them specific financing terms based on the representations made by the client about their particular deal, will they present a proposal to the client along with their broker fee agreement. At this point, the client can decide if they want to proceed with the specific terms and conditions offered by a specific funding source they are presenting to them and thus proceed to retain them to move forward. They ALWAYS will refund the retainer if they or the funding source are unable to honor the agreement.*The retainer fee is typically $2,500 to $3,500 and is REFUNDABLE if they fail to perform as agreed. On transactions over $25 million or certain type transactions using bond financing the retainer is generally $5,000.*The retainer is credited against the closing fee, which typically will be between 1 and 5 points. A small transaction of $100,000 would generally warrant a 5-point fee while a large transaction of $100,000,000 would typically call for a 1 point fee** BBB accredited business *A+Accredited Since: 2011Years in Business: 26*They are Accredited by the Better Business Bureau which, among other things, means that they have not had even ONE unresolved or unanswered complaint in all of their years in business having serviced thousands of clients*Types of Funding Provided* revolving credit lines* secured bridge financing* purchase order financing* acquisition financing* inventory loans* DIP and Exit financing* cash flow loans* real estate financing* loans against selected gemstones and artwork* loans against negotiable instruments including LC's, SBLC's, BG's and Bank Drafts* international real estate* conventional factoring and AR financing* asset based loans* letter of credit financing* funding for healthcare providers* equipment financing* real estate JV equity participation* 100% Financing for domestic and international construction loans of $1 Million +* mezzanine financing* SBA loans* 100% International Project Financing* Film Financing* Land Loans* small construction bridge loans* Micro Unsecured Business Loans as low as $5,000 up to $500,000 ( NOT a merchant cash advance )* Church Financing* Loans for cash flowing non bankable companies secured by patents or trademarks etc.Pricing* Prime rate to prime plus 2% on most debt financing transactions.* 1% per month and higher on discount factoring* 1% per month and higher on purchase order financing* 3% to 12% per annum on real estate transactionsTimeline to Closing* Bridge loans completed within one week to three weeks* Most other transactions 30 to 45 daysFunding Size$25,000 (USA) & $1,000,000 ( International ) and uptypical transactions range from $500,000 up to $500,000,000ON ANY FUNDING TRANSACTION TO START, WE SIMPLY NEED THE FOLLOWING QUESTIONS ANSWERED:1] THE CITY AND STATE ( OR COUNTRY) WHERE THE TRANSACTION IS LOCATED? ___________________________2] HOW MUCH CAPITAL IS BEING REQUESTED? _______________________________________3] WHAT ARE THE FUNDS NEEDED FOR:A] TO START A BUSINESS ? YES ______ NO ______B] ARE THE FUNDS NEEDED TO EXPAND, IMPROVE OR REFINANCE AN ALREADY OWNED OPERATING BUSINESS?YES ______ NO ______C] IF YES TO THE ABOVE QUESTION WHAT KIND OF BUSINESS? _____________________________________D] ARE THE FUNDS NEEDED TO BUY AN OPERATING BUSINESS? YES ______ NO ______E] IF AN ACQUISITION, WHAT SPECIFIC TYPE OF BUSINESS IS BEING ACQUIRED? _____________________________F] ARE THE FUNDS NEEDED TO BUILD A START-UP PROJECT OF SOME KIND ? YES ______ NO ______* Once answered we can then initially forward to you the correct funding application document /worksheet to be completed, which will allow us to provide the best financing terms *Wish All The Best And Stay Safe !!
Sender is NOT a United States Securities Dealer or Broker or U.S. Investment Adviser. Sender is a consultant and makes no warranties or representations as to the buyer, seller or transaction. All due diligence is the responsibility of the buyer and seller. This E-mail letter and the attached related documents are never to be considered a solicitation for any purpose in any form or content. This document including any attachments hereto is a response to a formal request of information only. Upon receipt of these documents, the Recipient hereby acknowledges this disclaimer. These documents are not from any banking or other Institution. We do not provide securities or securities related advice. No information herein shall be construed as a solicitation of investment funds or a securities offering in any way. These Confidential communications are protected under Gramm-Leach-Bliley Act 15 USC, Subchapter 1, sections 6801-6809 and other laws addressing the disclosure of Non-Public Personal Information.
Please NOTE: This message is privileged, confidential and is intended for information purposes only. The above and/or attached information is for private transactions that are available between the principal entities involved. This is not intended to be, and must not be construed to be in any form or manner as a solicitation of investment funds or a securities offering.
***CONFIDENTIALITY STATEMENT: This message together with any attachments contained in the email is confidential and may also be privileged. The information is intended only for the use of the individual or individuals, or entity to whom it is addressed. If you are not the intended recipient, or the employee or agent responsible for delivering it to the intended recipient, you are hereby notified that any use, dissemination, distribution or copying of this communication and/or attachments is strictly prohibited. If you have received this email in error, please immediately notify us by forwarding the message to davidwklee@davidwkleeglobalfunding.com and deleting the original message. Thank you.***
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