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Date Posted: 16:09:11 07/08/04 Thu
Author: Darlene Tomel
Subject: Re: Investors speacial Commercial Loans
In reply to: Michael jensen 's message, "Investors speacial Commercial Loans" on 22:19:24 07/05/04 Mon

>Investors want to buy Large Apt complexs?
>.Conventional loans of 90/10 on Apts with good income.
>Here is a shoe in loan that will get you there, if
>your short on cash we can help you with some creative
>financing. Lenders will do 70-80LTV, will allow seller
>to carry back up to 20-25% with a 6 month to 1 yr
>note, you contribute 0-10%down. Yes there is a chance
>that you could get 100% financing with no money down
>and just you pay closing costs(in some cases seller
>contribution is allowed up to 3% of purchase price for
>Non-reaccurring closing costs), good credit and
>experiance in your project is a plus. At the end of
>the six months to a year refi the property and finish
>satisfying the seller, This gives the seller more
>money for helping close the transaction, pays off the
>first for lower rates and puts cash in your pocket
>and increase's your cash flow. Having trouble getting
>a down, well no seasoning is required, Use your home
>as colaterial for your down in 6 months after you refi
>its clear, family, friends, other investors, investor
>groups and clubs, RE agent associations in your area.
>We can fund from 500K to no limit. The types of
>projects we can help you fund are: Apt buildings,
>Assisted living and nursing centers, Moble home parks
>90/10 (good credit needed),Hotels,Mixed use
>facilities,Marina's, Golf course's Construction and
>purchase, Resort properties, Warehouse/ office
>space,Offfice buildings,Strip Malls, Sub-divisions and
>developments, Raw Land, Theme Parks, Self Storage
>facilities, Accuasition and construction. We
>speacilize in the funding of very large projects of
>100 Million or more. Let us help you get the American
>dream

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Replies:

  • land accuasition and development of up to 35 acres -- Terryl Corlis, 18:35:58 08/05/04 Thu
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