Lenders wanted

FL, Commercial, Refinance, $2M, FICO, 60% LTV
Posted on 1/13/2015 8:00:45 AM

This loan is a true asset base loan and the property is own by a Church.

my Church client is looking for a private commercial loan for the amount of 1.8 M. The property is located in Miami, and the current value is at 2.9M with a current debt of 650k, which will be paid off from the loan. If possible, please call me Monday morning for more information at 305-502-5978.

Currently the property is vacant and the financials will not support the 1.8M loan amount requested.

The proceeds will be for renovation and to pay off the

mortgage balance of 650k.

Also, there will be a charter school on the property that will be lease out for about 15k per Month.

The strength of this loan would be the as is value of 2.9M.


Thank you,

Jean Castor, MBA

REPLIES
  • by Wood on 2/8/2015 10:43:59 PM

    Contact me on microdmicrofinance@gmail.com

  • by Wood on 2/8/2015 8:28:12 PM

    Contact me on microdmicrofinance@gmail.com

  • by wood on 2/8/2015 8:27:30 PM

    Hello am a private lender contact me on microdmicrofinance@gmail.com

  • by Billy Wood on 2/8/2015 8:27:10 PM

    Hello am a private lender contact me on microdmicrofinance@gmail.com

  • by Billy Wood on 2/8/2015 8:26:59 PM

    Hello am a private lender contact me on microdmicrofinance@gmail.com

  • by Billy Wood on 2/8/2015 8:26:43 PM

    Hello am a private lender contact me on microdmicrofinance@gmail.com

  • by Robert Grant on 1/14/2015 10:32:33 AM

    Hi Jean,

    Would you mind emailing me the subject property address and I'll see if it's a property we can lend on.

    All my best,

    Robert

    Robert Grant
    Wholesale Sr. Account Executive
    Velocity Commercial Capital
    30699 Russell Ranch Road, Suite 295
    Westlake Village, CA 91362
    Phone 818.338.9551 Cell 818.512.5495 Fax 818.338.9751
    rgrant@velocitycommercial.com
    www.velocitycommercial.com/robert.grant

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