Dear Ken:
I typed Retail into LenderLister.com and many programs came up.
These guys are Conduit Lenders http://www.bondstreetcapital.com/conduit.html
The senario below would have to be closed in LLC
Office, Industrial, Retail
Description: New Century Mortgage would like to arm you with an alternative lending solution for your customers. Expand your business line with small-balance commercial mortgages, available on loan amounts from $200,000 to $3 million. We�re changing the game and adding a lane to your business highway. Purchase or Refinance 75% LTV Full Doc 70% Stated 60% Stated Owner-User $200,000 - $3,000,000 30 year ARM Fully amortized 3,5,7, or 10 years 6 Mo. LIBOR 6% - 2/6 1.30 600 Full Doc 650 Stated 1x30 18 months from Discharge Full Doc 24 months from discharge if not Owner Occupied Stated 5 years from discharge if Owner Occupied Stated If < $1,000,000: UCIAR - SP7/90 If > $1,000,000: Complete Summary Narrative 55% Full Stated Fire, Extended Perils, Business Interruption/Rent Replacement, General Liability Property Taxes & Insurance Required at closing Yes Full | www.NCcommercial.com | 866.NCCOMMERCIAL (866.622.6663) Tell Them That LenderLister.com Sent You!
Description: New Century Mortgage would like to arm you with an alternative lending solution for your customers. Expand your business line with small-balance commercial mortgages, available on loan amounts from $200,000 to $3 million. We�re changing the game and adding a lane to your business highway. Purchase or Refinance 75% LTV Full Doc 70% Stated 60% Stated Owner-User $200,000 - $3,000,000 30 year ARM Fully amortized 3,5,7, or 10 years 6 Mo. LIBOR 6% - 2/6 1.30 600 Full Doc 650 Stated 1x30 18 months from Discharge Full Doc 24 months from discharge if not Owner Occupied Stated 5 years from discharge if Owner Occupied Stated If < $1,000,000: UCIAR - SP7/90 If > $1,000,000: Complete Summary Narrative 55% Full Stated Fire, Extended Perils, Business Interruption/Rent Replacement, General Liability Property Taxes & Insurance Required at closing Yes Full | www.NCcommercial.com | 866.NCCOMMERCIAL (866.622.6663) Tell Them That LenderLister.com Sent You!
In this case the Jewlers start and close in the name of an LLC....But someone still has to sign for it.
Good Luck
Jack
kgbre <[EMAIL PROTECTED]> wrote:
Ladies and Gentlemen,
I need to find a lender willing to do a loan in the range of $1 to
$1.5 million, without personal guarantees, for a small retail
building - owner occupied - in Nassau County, Long Island NY.
Loan to value: 75% (based on appraised value)
Term: 5 to 10 years
Amortization: Longer is better
Business: Successful jewelry business - been in the same family
over 100 years
Direct lenders only please.
Thanks,
Ken Beitz
212 867-2100
Apply for Commercial Real Estate loans online and submit your deal to dozens of hungry lenders in just minutes. Loan programs for all types of business and commercial real estate. Apply anytime at http://realestatezoo.com
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Jack Getter
Residential & Commercial Mortgage Broker
www.jackgetter.com
DIRECT: 954-461-3212
FAX: (954) 337-3158
EMAIL: [EMAIL PROTECTED]
Capital Mortgage Partners
941 NE 19TH Ave. Suite 203
Fort Lauderdale, FL 33304
Apply for Commercial Real Estate loans online and submit your deal to dozens of hungry lenders in just minutes. Loan programs for all types of business and commercial real estate. Apply anytime at http://realestatezoo.com
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