Who has funding for multifamily properties?

[Amy Thornton]

This post is here for the many inquiries we get seeking multifamily funding. For those lenders and brokers on this website with funding for apartments, please respond and let me and everyone else here know what you have to offer!

Leaving LTV, credit score, and downpayment requirements would be great.

Thanks!

[Pamela Kimble]

Nationwide Commercial Lender with exceptionally low rates!

PAMELA KIMBLE
Coronado Bay Capital

Sr. Commercial Loan Officer
5060 North Harbor Drive Second Floor
San Diego, CA 92106
Phone: [phone]

Email: [e-mail]
Web: www.coronadobaycapital.com

[J. Peter Hans]

Mercury Capital, a direct bridge/hard money lender since 1989 provides funding for the acquisition, repositioning and rehab of multifamily properties.

• Loans range from $500,000 to $5,000,000.
• LTV to 65%.
• Loans close in 3 weeks.
• Brokers protected.

Our sister company, Mercury Commercial Advisors provides traditional commercial mortgage brokerage services.  We have close working relationships with portfolio lenders and conduit lenders. Non-recourse loans are available. 

For more information or to discuss your deals contact:

Peter Hans
(O) 212-661-8700
(C) 347-419-1142
[e-mail]

[Mark Arnold]

Hello Amy,

I currently have multi-family rates as low as 3.07%

* 80% LTV
* 30 Year Amortization
* Partial Doc
* Non Recourse
* Fully Assumable
* Every State

Let me hear from you!

Mark

[Butch Wells]

Hi Mark,

Please contact me. Do you have loans on investment SFH

[Mark Arnold]

Hello Butch,

It depends on the deal.  We don't do a lot of residential lending but we can in five states currently and will look at construction of larger SFR in all states.  Currently working on two over $500K SFR rehab deals in California.

[Louis Jeffries]

Agency Nationwide

750k plus

80% LTV

30 year Amortization

660 plus score

Conventional Nationwide

75% LTV

25 year Amortization

660 credit score

Stated NonConforming Nationwide

75% LTV

30 year Amortization

600 credit score

[e-mail]

[Robert Jonathan Bouyd]

Hello Amy,

a private funding group from the oil and gas sector is willing to undertake the funding of this project as an investment loan.

JR,

[e-mail]

[Kevina Litaba]

Hello Amy,

For enquiries about apartment complexes, we have 3 funding criterias:

1st Criteria: Minimum loan is 10 million both domestic and international for 100% funding. Term is 10 years fully amortized .Interest rate is 6 to 7 %. 3 points to our firm and 5 % of the net profit in perpetuity. Fund takes a 25% equity stake and requires an insurance wrap for which the premium is .05% of the loan amount. Closing costs approximate 6% of the loan amount. We will fund any viable project including ground up construction. MUST have proof of funds to cover due diligence and 3rd party reports.

2nd Criteria: 

Alternative Commercial Real Estate Loans/Portfolio Funds
Income Producing Properties only *
Office Buildings, Warehouse, SFR, Condo, 2-4 units
5+ units, Mixed Use
Loan Amounts: $100K to $3M+
Rates: 7.99 to 9.5
Terms: 3 years fixed P&I Amortized over 30
Up to 70% LTV, Up to 65% on Purchases
Stated Income
No Tax Returns required, in most cases
FICO: Minimum 650+

(If FICO is 700+, rate can be as low as 7.49%)

No upfront fees!

Nationwide Funding

Funding NOT available in the following states:
AL, IL, MI, MN, NE, NH, ND, SD, VT, SD

3rd Criteria:

Commercial Real Estate

$1M to $10M 

7.99 to 12%

Up to 60% LTV

Income Producing Properties Only

Thanks. My e-mail address is [e-mail]

 

[jim flynn]

do you have %20 cash to add to project

[David Lipp]

Attention!!!

I hope you are enjoying your week? Lets get back to financing and closing more deals now!

Just funded a $146,000 renovation loan in Pasadena, California. If you are in need of rehab funds, Fix and flip, personal loans, capital start up loans, consolidation loans, bridge loans, farm loans, real estate loans, I will go up to 70% of completed value. Fast funding, as little as 7 to 10 days, At Joe private lending we offer a national wide lending.

If you are interested in closing a deal in the next 6-10 days do not hesitate to make contact via email on [e-mail] or call, text or leave a voicemail on [phone] and will would respond with more information.

Only serious people please!!! No time wasters!!! We are helping clients nationwide to achieve their financing needs!

Thank you

Sincerely,
David Lipp
Tel#: [phone]

[Lorie Dotson]

David Lipp is operating a scam. I contacted David through this site. David has a business license and seemed to check out. After a few weeks of talk, David said I qualified for a loan. He stated that I needed $1953 in Origination Fees which had to be paid before the loan would fund. He had me wire the money to a woman in Florida. He stated that once the fees were paid, the loan would be funded within 24 hours. It came time for the loan to fund, David sent me a message stating that he went to the bank to do the transfer and the bank said I had to pay PPI Insurance on the loan before it would transfer. He stated that the amount I had to pay for insurance was $17,800. I refused to pay that ludicrous amount so he said he would pay half of it so I "Only had to pay $8900". I still said this is way too much. After a couple days David came back and said he had raised $15,000 towards my insurance. I said "Great! since you said I only had to pay $8900 of it, then we are good" David said no you have to pay the $17,800 but he would subtract the $15,000 so I had to come up with $2800. At this point, I told David that the fees are too high and I wanted to cancel the loan and refund my fees per our contract. David has since given me the run around and ignored my messages. When I confront him, he gets very nasty with me. He first told me I would get my refund in 24 hours. By the last time he promised the refund, he told me it would be 7 days. The 7th day was over last Weds and I still have not seen a refund. I track all of my correspondence and he has read all of my messages but fails to respond. I have researched David Lipp and found many names and businesses associated with him. 

The following is a list of businesses associated with David Lipp:  David & David, LLC, David Lipp, LLC, Grubb & Ellis, 4741 Charleston Aquisitions, LLC, Ventura Desert, LLC, Roc 1, LLC, Vegas Valley Partners, LLC, VVP Gibson, LLC, VVP Olsen, LLC, Swecker & Lipp Tenaya Azure, LLC (property), Gibson Land, LLC, Annallen, LLC, Beesley, LLC, Benjamin Millis, LLC, Lambeau, LLC, Millis Nellis LLC, Tenaya Partners LLC, VVP Ann LLC, Integrated Financial Associates, Millis Properties LLC, Olsen Land Development LLC, Prudent Ventures LLC, Milton West LLC, Swecker & Company. These companies have been found to be directly related to David Lipp. There are also another 30 or so companies potentially connected. 

The following is a list of known associates of David Lipp. Most are listed on businesses with Mr Lipp: Harry Hoover Hall, Dale Condra, Warren Condra, Collin Hart, Michael Swecker, Ben Millis, Mark Coleman, Thomas E Lea, Chris Beets, W. Larry Swecker, David T Ting. 

I have approximately 200 pages of evidence regarding the fraud committed by David Lipp. I have reported David Lipp to the BBB and submitted my evidence. My lawyer is also drawing up paperwork against Mr Lipp and any associates. Be wary of any of his associates as some appear to have direct knowledge of David Lipps scam and some of these names are potentially Mr Lipps other names. 

Yes, I was naive and was scammed by 2 individuals from this board. I did check business licenses and such. Hopefully, this will help others not to be scammed by these people. 

[Mckenley Washington]