Mortgage Grapevine

Loan scenario: PA, $6,000,000, 740, 60% LTV, Refinance, full, OO

State: PA

Amount: 6,000,000

Property type: COM

Documentation: full

FICO: 740

LTV: 60%

Occupancy: OO

Loan purpose: Refinance


Need a hard money refi loan for a car dealer in Pa. He has many dealerships and this particular property is valued at 10M. Looking for 6m including cash out of 1M. Good personal assets of around 17M and very good credit. Entire operation grosses about 70-80M per year. If you are a hard money lender and can do this please email rob@rsafunding.com. No brokers.

by ctbroker9 November 3, 2009 10:41 AM

Our group has the resources to fund this. Please send your information to wwfunds@yahoo.com.
by Annie$$$ November 3, 2009 11:50 AM

You need a direct lender here. Call us. 215-847-2553

Kyle
by kbolt222 November 3, 2009 12:02 PM

We may be able to help, can you email us your contact information and scenario.

jessop08@gmail.com

Lets see what we can do.


by jessop8 November 3, 2009 12:41 PM

We can get him funded by th end of the week. Call me asap Jamie Cunningham 303-731-9262
by Jamie_C November 3, 2009 12:54 PM

im not sure why you think you need HARD MONEY ??

unless this is stated,

but if this is full doc,,

we are direct lenders in NY and we offer Assets based lending -which is basically lending agianst business's and equipment, yahts , boats , hotels, residential properties- we can slap a mortgage just about anything that makes sense to loan agianst

if you want to have a converstation it free to talk
if the number all make sense we would could fund it

saves your borrow alot of money and alot of other nonsense that hard money does

loans@nwbankers.com




by directlender52 November 3, 2009 1:09 PM

I read your "NO BROKER" statement, but We can do this PA Car Dealership refi. Based on what you've written, you may not need a Hard Money loan. We're an Allentown, PA based (SBA Preferred & FHA Approved) Mortgage Brokerage firm that works with many lenders to fund loans nationwide. Depending on the due diligence you're looking at a 3/1 rate 6%.

If interested, please send me a copy of the borrowers 1003, credit report, current P & L, and last three years personal & business tax returns which should include all schedules. I look forward to hearing from you.

Sincerely,

David St. Hill
Wise Financial
Allentown, PA
Ph-484-225-0034
Fx-610-437-3400
E-mail: dsh44@aol.com



by dasthill November 3, 2009 1:31 PM

This looks like something I can get done with my investors. Depending on the situation, they will accept files without credit and their rates are very competitive. The only thing I would need is a full 1003, executive summary and financial statements. If you would like to go over this deal email me or call me and let me know. Let me know I live in NJ and all my investors are in the NY and NJ area. Capri1consulting@gmail.com 908-377-0124
by capri1consulting November 3, 2009 3:01 PM

A-1 Consulting-
Box 201
Reamstown, PA 17567
A1consulting@yahoo.com

GLOBAL PRIVATE LENDER GUIDELINES

We are the exclusive direct contact to this private funder

No broker chains on our side.

Domestic and International Funding:

The lender has two basic requirements:
1. Borrower understands and will follow lender’s process. Minimum amount: $5,000,000.00
2. Borrower has capacity to do the deal.
Private lender owns a large international energy company

In addition to complete loan package provided to lender, borrower must have in its corporate bank account eight (8%) percent of the requested loan amount. This money REMAINS in the borrower’s account. It will be blocked for one year. A bank draft is created in the name of lender with maturity of thirteen (13) months. The blocked 8% secures bank draft. Once loan package is received and funding request is approved by lender, contract will be signed by both parties and possession of bank draft transfers to lender. Obviously, all negotiations between borrower and lender precede contract signing.

This 8% is in place of a down payment. Lender does NOT require a down payment! Also, the 8% is in place of an equity position. Lender does NOT take an equity position. Lender does NOT require a down payment and lender does NOT take an equity position.

The Lender typically funds 100% of requested amount verified by loan package documents and due diligence.

Closing occurs in Paris or London, the borrower’s choice. After paperwork is signed and registered, usually within 21 – 30 days, borrower’s account is credited with approved loan amount by lender. Repayment on loan is due every quarter per year.

Nonrecourse Funding

Location: Worldwide

Terms: 2/5/12 years

Interest Rate: EURIBOR+ 1 (this is Euro Interbank Offered Rate, not LIBOR) @2.5%

NO prepayment penalty

NO due diligence fees

NO Lender Fees.

Borrower pays 3%loan placement fee to A-1 Consulting, Inc.

Brokers OK.

Any questions, please call
Mr. Bowers, President
A-1 Consulting, Inc
717-207-9412






by GoodtimeBOB November 3, 2009 5:00 PM

we can help you.

please call kathy or estella 541-762-1150
by roglilstar@gmail.com November 3, 2009 10:02 PM

Real Estate Investors bailout special


I am interested in your file . Can close within 10 -15 days if all documents are received. Will get you a Pre Approval within 8-24 hours.

Specializing in Real Estate Investors Funding
Real Estate Investors bailout special
Real Estate Investors bailout special


I am interested in your file . Can close within 10 -15 days if all documents are received. Will get you a Pre Approval within 8-24 hours.

Specializing in Real Estate Investors Funding
Real Estate Investors bailout special


I am interested in your file . Can close within 10 -15 days if all documents are received. Will get you a Pre Approval within 8-24 hours.

Specializing in Real Estate Investors Funding


AHF is set-up with an affiliate program that specialize in Real Estate Investors Funding.


I have listed a few of the important points about the loan program below:

* 100% Funding (Purchase, Closing Costs, Construction, Interest, Points, Proof of Fund Letter

* No Monthly Payments

* Loans Up To 70% LTV Of The "After Repair Value"

* 6 Month Loans

* Quick Closings

* No Pre-Payment Penalties

* No Junk Fees

* Residential 1-4 Family (Non-Owner Occupied Only)

* Credit Score 660 Middle Credit Score (Borrower may bring on credit partner (friend, family or business associate) to be on title if they do not qualify

* All Rehab-Expenses Paid, Possible Cash Back Paid At Closing.

Does Blanket Loans Nation wide.
TRANSACTIONAL FUNDING and Flash Cash Fund AB &C Buyers

Please email 1003,appraisal , contract, and executive summary to americanherofinance@gmail.com or call John.
Work directly with Hedge Funds, Private Placement Partners,Syndication s, IRA's. Down payment assistant available and simultaneous closing. Love apartments, condo's ,Manufactured Homes and Hotels with cash flow.Located in San Antonio TX.

John Stallings
Finance Director/Business Consultant
Hard Money Division of American Hero Finance
210-949-1337
Website:www.americanherofinance.com
americanherofinance@gmail.com
by johnhstallings1959 November 3, 2009 11:04 PM

We can get this deal funded in 21-45 days. This seems like a great fit for our 100% No FICO, No DOC program to 100% using Debt/Equity mix - 1M+. We finance those companies who cannot find adequate funding from banks. Brokers are protected.
Please visit my website: https://sites.google.com/site/tifundinginc/
Contact me at: bleuoceandrive@gmail.com
Rick T
TI Funding, Inc
720-236-3066 Direct 321-238-3066 Efax
My Blog: http://100ltvfundingnofico.blogspot.com/

by blueoceandrive November 4, 2009 8:30 AM

Rick T is actually Rod Tinsley. He's a proven dirt bag.

http://www.mortgagegrapevine.com/thread/?thread=402459

by TheMaineEvent November 4, 2009 10:56 AM

MORTGAGE-BANKERS-PRO

All 50 states
Jumbo

Construction Loans

550,000 - 5,000,000.00
4% to 6.75% (interest reserve account type available)
LTV up to 75%
10-14 days closing after all conditions are in.

417,000 - 1,000,000
Min fico 680+ LTV - 80-90%
1,000,000 - 2,000,000 - Min Fico 700+ LTV 80%
2,000,000 - 3,000,000 - Min Fico 720+ LTV - 70-80%
3,000,000 + Min Fico 720+ max LTV 65%
0.5 - 4 points all negotiable depends on loan amount and file type.


NEW LOAN PRODUCT:
rates start at 3% I/O fixed.
90-98% ltv
1 mil above
no pre-pay
No Min Fico
7.5 - 12 points only for this product


FL only
680 fico
300,000-7,500,000
80%
full doc with proof of income
300,000-6,500,000 case by case
70%
stated
No 4506t required
3-6 points

COMMERCIAL:

International private Investor/Hedge fund/Us Investor Direct
Great products and LTV's/Rates
Residential/Commercial Project
1 mil to 100 Mill+
1-5 points
Send detailed Executive summary

Exception can be done on case by case.

*Pricing/guidelines are subject to change without notice.

arron@mortgagebankerspro.com
by Arron November 4, 2009 12:36 PM

I work with a commercial and residential wholesale lender that offers financing for many different types of business needs. Here are some of the common loans that are offered:

SBA 504 and 7A
Conventional Commercial Mortgages
Commercial Construction/Development
Bridge and Mezzanine Financing
Hard Money
Asset/Securities Based Lending
Accounts Receivable Lending

Let us quote you a rate to compare with what you have collected.

John
336-745-1052

by FWFinancialGroup November 4, 2009 4:48 PM

Pre-qualify your mortgage loan request, either residential or commercial. First National Partners is a processor that prepares initial underwriting packages for a consortium of out-of-the-box lenders. 

Submit your request to fnpartners@gmail.com. Our website: www.fnp.us.com. Call us at 312.239.0657. 

Upon your acceptance of a pre-qualification and you want to proceed, we charge a nominal, but fair, processing fee. 
by Alan38 November 6, 2009 2:03 PM

We can help you, please e-mail me with your information.
doccriz8404@gmail.com
by DOCCRIZ8404 November 8, 2009 2:08 AM

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