Some but not all Answers to your questions. This may help you.
100% Commercial Project Financing
This Program is for Land and Property Acquisition. NO UP FRONT FEES.
2 MILLION MIN. NO MAXIMUN Loan amount.
Main areas are Vegas, Manhattan, Atlanta, So California, Florida, and
other hot growth areas in the US
100% LTV lien loan for land take down, with FIRST RIGHT to offer
Construction/ Development at competitive rates.
1 year term with 1 year extension available, fast hard cash. 10-12% plus
3-5 lender points , plus broker fees. No prepayment, No equity
requirement on the part of the lender.
No appraisal required for Las Vegas and other select areas.
Full package required and with Full package, close time is 3-10 days.
Proof of funds and references provided upon issunace of Letter of
Commitment.
Program checklist;
1. Letter dated and signed by Principal detailing the amount requested
and precise use of funds. State amount needed for ACQUISITION and
CONSTRUCTION development separately. Include location.
2. Executive Summary or Business plan.
3. Company history and background and Management/Principal background
and resume.
4.Last 2 fiscal year balance sheet, profit and loss statement and
balance sheet.
5.Personal financial statements on each principal/guarantor prepared
within last 90 days.
6. Tri-merged credit report on each principal/guarantor or credit
authorization.
7. Two years tax returns for borrowing entity and Two Years returns for
each principal/guarantor.
8.Summary of present financing arrangements with payment history and
payoff info.
9. Legal description and/or complete physical description of the
project.
10. Photos of property
11. Maps of region, district, neighborhood.
12. MAI Appraisal, If Needed.
13. Current survey.
14. Copy of all applicable ordinance and zoning approvals and all
applicable Corporate documents.
Please feel free to contact us for more info.
Mel Milne <[EMAIL PROTECTED]> wrote:
This Program is for Land and Property Acquisition. NO UP FRONT FEES.
2 MILLION MIN. NO MAXIMUN Loan amount.
Main areas are Vegas, Manhattan, Atlanta, So California, Florida, and
other hot growth areas in the US
100% LTV lien loan for land take down, with FIRST RIGHT to offer
Construction/ Development at competitive rates.
1 year term with 1 year extension available, fast hard cash. 10-12% plus
3-5 lender points , plus broker fees. No prepayment, No equity
requirement on the part of the lender.
No appraisal required for Las Vegas and other select areas.
Full package required and with Full package, close time is 3-10 days.
Proof of funds and references provided upon issunace of Letter of
Commitment.
Program checklist;
1. Letter dated and signed by Principal detailing the amount requested
and precise use of funds. State amount needed for ACQUISITION and
CONSTRUCTION development separately. Include location.
2. Executive Summary or Business plan.
3. Company history and background and Management/Principal background
and resume.
4.Last 2 fiscal year balance sheet, profit and loss statement and
balance sheet.
5.Personal financial statements on each principal/guarantor prepared
within last 90 days.
6. Tri-merged credit report on each principal/guarantor or credit
authorization.
7. Two years tax returns for borrowing entity and Two Years returns for
each principal/guarantor.
8.Summary of present financing arrangements with payment history and
payoff info.
9. Legal description and/or complete physical description of the
project.
10. Photos of property
11. Maps of region, district, neighborhood.
12. MAI Appraisal, If Needed.
13. Current survey.
14. Copy of all applicable ordinance and zoning approvals and all
applicable Corporate documents.
Please feel free to contact us for more info.
Mel Milne <[EMAIL PROTECTED]> wrote:
I have seen all these come across my computer but when inquiring about them, they are truly not 100%. Therefore, before we proceed with our requests, if you are a lender/broker offering 100% Commerical Loan financing, please answer the following:What is the 100% based on - purchase price, appraised value, etc.Can fees be rolled into the loan?what are your fees?Is there a minimal and/or maximum loan amount?What is required to get started?Is pre-approval required?What is the credit score requirement?Are the loans recourse or non-recourse?How fast can we close usually?What are the building types the fit your programs?Thanks
Start your day with Yahoo! - make it your home page
David E Dungy
Business Broker/Finance Consultant
614-475-8616 office
209-370-0809 fax
512-532-7628 voice
Start your day with Yahoo! - make it your home page
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
RealEstate
Part of RealEstateZoo.Com
-------------------------------------
Post message: [email protected]
Subscribe: [EMAIL PROTECTED]
Unsubscribe: [EMAIL PROTECTED]
List owner: [EMAIL PROTECTED]
Web Site: http://groups.yahoo.com/group/RealEstate
YAHOO! GROUPS LINKS
- Visit your group "RealEstate" on the web.
- To unsubscribe from this group, send an email to:
[EMAIL PROTECTED]
- Your use of Yahoo! Groups is subject to the Yahoo! Terms of Service.
