Soft Money, Light Docs Direct Lender for Multi-Family Porfolio

• LTV up to 65%
• Loan Term: 3, 4 or 5 Years

• Amortized Over 30 Years

• Interest Rates: 6.875% to 7.99% P&I
• Pre-Payment Penalty 3 Years or 5 Years/Step Down or Yield Maintenance
• Cross Collateralize for Maximum Loan Amounts

• All Programs: Alt 1,2 or 3 Focus On The Building Financial Package and Strength, Not The Borrower- Light Doc Building Only

• Program Alt-1: 640+  Fico 65% Max Ltv Purchase, 65% Max Ltv Refinance, Min DSCR 1.20, 70% Ltv Min DSCR 1.25

• Program Alt-2: 600+  Fico 60% Max Ltv Purchase, 60% Max Ltv Refinance, Min DSCR 1.20, 65% Ltv Min DSCR 1.25

• Program Alt-3: 560+  Fico 55% Max Ltv Purchase, 50% Max Ltv Refinance, Min DSCR 1.25
• Full Recourse Only
• Vacancy Max 30%
• No Upfront Fees Ever!
• Par Pricing Available/Building Based Pricing

• Full Doc  Building Underwriting, Building Full Financial Package, Old Appraisals OK, Desk or Field Review Needed
• Light Reserves Needed
• No Title Seasoning Needed

• No BK or Foreclosures 3 Years

• Light Net Worth and Liquidity Requirements

• Close Loan 20-23 Days

For details, email me at; Broker@tomharrier.net or call me at: 407.928.8542

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I´m looking for funds / JV to start up a Cemetery in Mexico City. Numbers are as follows: Total sells : $530 million USD, Net profit: 50%, sells and collect: 13 years. I need $12 million USD; I offer my funder  20% of the shares, IRR : 70%, ROI : 2 years, net profit of my partner : $45 million USD. For more details : carlosv52002@yahoo.com, pone numbers in Mexico City : office : (5255) 5630 1949, mobile: (5255) 04455 2272 1383

 

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