Lenders wanted

NY, Mixed Use, Refinance, $500K, FICO, 50% LTV
Posted on 3/11/2016 12:36:50 PM

Looking for a 50% LTV in Bronx NY
Mixed use property Owner user 1st floor & basement with 2 apartments on top floor
Loan amount requested $500,000

REPLIES
  • by Andy Kron on 3/22/2016 8:56:57 AM

    Looking for Private, No credit issues, all leases current, property value $1mm to $1.1 MM
    no current mortgage LTV 50%

  • by J.A.Frammosa on 3/21/2016 6:25:35 PM

    Cash out amount is not a problem all depends on the valuation of the property. Need the docs so I can present a term sheet for you, thank you

  • by J.A.Frammosa on 3/21/2016 4:25:02 PM

    can do it in as little as 2 weeks as a bridge I/o 12-24 months with cash out, rates range 7-11% depending on property, etc with 1-4 pts. Give me a call office 631-244-1483 and I will be glad to speak with you.

  • by Andy Kron on 3/21/2016 4:24:42 PM

    This is mixed use property. Owner user 1st floor & basement use for transmission business. 2nd floor has 2 rented residential appartments

  • by inource Funding on 3/21/2016 3:16:58 PM

    Depends, is it Residential or commercial ? call me with some details and ill give you the answer

    typically start around 7% IO

    Jerry
    Insource Funding
    561.318.3104

  • by Andy Kron on 3/21/2016 2:30:40 PM

    Looking for Private, no Credit issues (according to borrower),
    Can supply leases, estimated value $1mm - $1,1 mm
    owned free& clear. Lokking for $500k
    can I get some an idea of rate & term

  • by K. Viverette on 3/20/2016 3:17:00 PM

    I represent a private equity lending group who can help with this scenario easily. Call 212.470.5226 for details.

  • by J.A.Frammosa on 3/18/2016 12:13:31 PM

    are you looking for conventional or private?
    what is the credit?
    current leases?
    rental income/NOI/DSCR?
    what is the property value?
    current mortgage?

  • by Insource Funding | Jerry Starr on 3/15/2016 10:16:45 PM

    If the value is there we could do this in 7 days. Easily

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