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!

[Jeremy Hawkins]

Let me fund your next project or your start-up business. 

- No up front fees, collateral or income verification 
- Approvals within 10-15 business days 
-0% Interest 6-12 months 
- Revolving credit line 
- USA ONLY 
-Strong personal credit required w/ option of using co-signer. 

Contact me for details and please include best email and contact number. 

http://businesscreditfunding.net/

Regards, Jeremy Hawkins 
[e-mail] 
[phone] x 106

[Derrick Moore]

Are you putting together a list of lenders? And are you going to have a different page for the lenders and borrowers? 

[Butch Wells]

http://privatemoneyexchange.org/aff/bwells

[Stephanie Adkins]

We do and we lend Nationwide.  Marcus & Millichap Capital Corp. Houston, Texas

Stephanie Adkins, Associate Director 713-452-4277

[Norman M Larson MBA]

Amy

Have direct private funds, with considerable experience in

multi-family.Thanks

Norman M Larson MBA

[e-mail]

[Jeremy Hawkins]

Below you will find the link to my website. USA LENDING ONLY!

Regards,

http://businesscreditfunding.net/

[Paula Steele]

I work directly with a lender and we offer the following funding programs:

$100% financing/bond funding. This funding is 100% financing, but, the principal must be able to be able to pay for the underwriting, due diligence and appraisal fees. We charge NO UPFRONT FEES to review a transaction. After reviewing the transaction, we submit it to underwriting and we do a conference call. We do some "Q & A" with the client and at the end, the client decides if they want to go forward. They don't pay any fees until they decide And, we even give out references after the conference call. Yes, you can call our clients and get feedback.

Recourse Funding. Commercial and residential loans from $25,000 up to $500,000. This is an asset based, no-credit score and no personal guarantee loan. We offer bank rates from 4% to 5.5%. 70% LTV based on the ARV (after repair value) of the property. For buy/sell, it's 12-18 month interest only and for buy/sell, we can do a 5 to 10 year term based on a 20 to 30 year amortization.

Non-Recourse Funding. For our non-recourse lending for loans of 70% to 80% LTV based on the ARV. So, for example: you have a client that needs a loan for $3 million and the property is worth $5 million (refinance scenario). Here, there is no personal guarantee and it is asset based. The client MUST be able to show reserves and prove he can service the debt.

Should you have any other questions either e-mail me at [e-mail] or call me direct at 551-208-7661.

[Jerry Parks]

This is Jerry Parks here in Orlando FL.Thanks for the inquiry for Multi-Family lenders Here is reply message to network and offer my services to help you or other member sof our group of Commercial Real Estate Investors.

 I work directly with an experienced owner of a NY financial group that has personal relationships and direct access to the decison makers of several large private direct lenders for  Commercial Real Estate funding. The minimum loan is approx $ 500K and there is no max. The criteria is the 65 % LTV or better LTV and the borrower has to have "skin in the game" if it's a purchase. For re-finance they like to see at least 12 months seasoning and a debt ratio of 1.2  to 1.25.

 Below is the general information we need for looking at a Commercial Real Estate Private Money Lo.  Not all of the information applies to each particular deal But in general the list below is what we look st.

 All deals pretty much run the same course.  We need to know…….

 1-Type of property(apartments, office, mixed use, etc.)

2-Area of property (major metropolitan, if not general population in the surrounding area)

3-Condition of the property

4-Net operating income statement

5-Value and how long they have owned it

6-Any major improvements or renovations

7-Ownership status (in personal name, corporation, etc)

8-Motivation for deal and time frame for closing

9-What their existing mortgage is, payments, rate, term, etc.

10-Credit of the borrower

 

Loan to values range from 50%-90% and terms from 1 year to 30 years.

Rates vary from 3.625%-16%

Points from 0-6

We would appreciate a shot at the next deal you have that you would like to get funded, Call me. 

Contact info

Jerry Parks   Orlando, FL   Tel:  407 -733 - 6818  EST      [e-mail] 

 

[John Michaels]

My company is a New York based Commercial Mortgage Broker that's been in existence for over 25 years.  Currently for multifamily deals the rates are in the 3% to 4% range depending on the term, size of the property and size of the loan.  Multifamily mortgages are typically non-recourse and the LTV Ratio is usually as high as 80% but it also depends on the cash-flow/Debt Coverage Ratio.  Good Credit is a requirement and in some cases experience is also an important factor.  I have Lenders that offer 5 years deals, 10 year deals, and terms that extend for the life of the loan.  Amortization is usually 30 years and it typically takes about 60 to 90 days to close. 

[Butch Wells]

Hi John,

Do you offer refinancing on commercial buildings? Contact: [e-mail]

[Stephanie Adkins]

Hi Butch. I am with Marcus & Millichap Capital Corp. in Houston, Texas.

We are non-bank direct lenders with wholesale banking relationships. We can refinance office buildings as well as other kinds of property types. All of the financing is subject to credit approval. Please feel free to contact me at 713-452-4277.

Thank you,

Associate Director

Marcus & Millichap Capital Corp.

[Dr. Rafael Melkonyan]

Hello John,

We offer an excellent business proposition for investors.

In Armenia, eating old Brandy factory and owners are ready to sell at very low prices.

The factory area of more than 5 hectares.
Along with the factory has 224 hectares of vineyards.
The factory has a 100% absolute cognac alcohol of 5-35 years old and worth more than US$260 M.
In the factory has all the equipment except filling line.
Necessary to reconstruct and upgrade the plant.

We offer investors to buy this brandy factory, or a  create a Joint Venture/Partnership with us, or provide loan in the low annual interest.

The selling price of the plant is US $ 60M.

For the implementation of the project necessary to invest $85 M.USD.

It is expected a big commissions for potential brokers

Looking forward to your response.

Best regards,

Dr. Rafael Melkonyan,
President of Plus YUPITER Plus LLC,
Owner and CEO REGENOL LTD.

7 Shirvanzade Str. Apt.2,
Yerevan 0014 Armenia,
E-mail: [e-mail]
[e-mail]
http://www.regenol.com
Tel:[phone]
Mob: [phone].