Lenders wanted

IL, Office, Refinance, $650K, FICO, 60% LTV
Posted on 3/2/2014 4:26:00 PM

My client owns a 12,000 sq. ft. office building in a low income area of East St. Louis, Illinois. The location is by design as many of her medicaid and medicare patients are in close proximity. The business is a Licensed and Certified Medicare/Medicaid Home Health Agency. The owner ran into her problems stemming from the huge cuts in funding in the 1998 to 2000 period. This caused 30% of these agencies to go bankrupt as the government initally stated the cuts would last 3 to 6 months. In actuality they lasted three years. Druign this time the owner tried to self fund her business with personal credit cards etc. She survived but her credit scores suffered as did payments for other expenses such as property taxes and the like. The use of funds to to refi and payoff the current lender plus provide funds to pay past due property taxes.

There is a full package that I can send in my Drop Box should you be interested in this deal. There is cash flow to service the debt as the business is improving. Thank you.

REPLIES
  • by Isaiah McKenzie on 3/28/2014 5:39:12 PM

    I am interested in your request. CSC is a mortgage brokerage firm located in Maryland. We provide financing for all types of commercial income producing properties and credit. Call me 443-352-3372.

  • by Dean Sabourin on 3/4/2014 1:37:46 PM

    dsabourin@mortgagealliance.com

  • by Jeffrey Jones on 3/4/2014 1:12:40 PM

    Dean, I understand completely. I need your email address please. Thanks.

  • by Dean Sabourin on 3/4/2014 11:51:04 AM

    Hello

    Yes, please send me link to your Drop Box file.
    As long as you know it will be Hard Money....

    Dean

  • by Sam Trantham on 3/3/2014 12:53:13 PM

    Please send me your package. . have multiple funding sources that can make offers on your project. Drop box. Savvy Real Estate
    Sam Trantham
    Savvy Mortgage, subsidiary of Lendmoney Mortgage LLC
    sam@savvymortgage.net
    93 Duck Lake Drive
    Austin, Texas 78734
    Off: 512-373-8639
    Cell: 512-633-4159
    EFax: 866-702-7995

  • by Michael Washington on 3/3/2014 12:41:21 PM

    I look to hear from i can get this done for you again my company is call Griffin Moor International L.L.P my email is mwashington@griffinmoor.com our website is www.griffinmoor.com the contact number is (410) 775-6849
    let me help you get what you need done !

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