Commercial Lenders LLC
06-09-2007, 08:30 PM
Working with an insurance company looking for more commercial exposure.
Financing available for mall and single store buildings (such as Walgreens, Major Franchise, etc) (AAA tenant lease required), medical office buildings, and garden style apts. (two stories tall). Insurance company will finance up to 80% at a very low rate or it will finance up to 100% adding the equity piece. The 100% financing requires the sharing of the upside of the building 50/50 within a three year period....
To capture significant upside of the property, will be built or rehab...Idea/project needs to be in place with permits etc.. (Another way to consider this...Borrower should be able to put equity in place, but prefers to have capital somewhere else...Borrower intends to sell property within three years...Program is for active investors.)
Also if you are into rehabs of multifamily units, can offer FHA 100%. Need to have assets comparable to loan size.
I finance most types of property at attractive rates and terms throughout US. (No residential condo or single family developments)...Will Finance Office condos and Apartment houses, mixed use, Hotels, Office Building etc... Very Attractive Rates for apt houses...
I offer quick closing 30-45 days for loans and I get back to you whenever you call...I am available all days of the week.
On smaller loans (depends on project - contact me) can finance up to 90% CLTV with 10%down. Can work with credit issues (580 scores) if borrower has equity, cash or a seller willing to hold 2nd. Always keep in mind you will have a higher rate for less down ...same for credit too
Call me anytime and let me know what you have...
Regards, Paul Heimbrock 203-240-6670
Pheimbrock@aol.com
Financing available for mall and single store buildings (such as Walgreens, Major Franchise, etc) (AAA tenant lease required), medical office buildings, and garden style apts. (two stories tall). Insurance company will finance up to 80% at a very low rate or it will finance up to 100% adding the equity piece. The 100% financing requires the sharing of the upside of the building 50/50 within a three year period....
To capture significant upside of the property, will be built or rehab...Idea/project needs to be in place with permits etc.. (Another way to consider this...Borrower should be able to put equity in place, but prefers to have capital somewhere else...Borrower intends to sell property within three years...Program is for active investors.)
Also if you are into rehabs of multifamily units, can offer FHA 100%. Need to have assets comparable to loan size.
I finance most types of property at attractive rates and terms throughout US. (No residential condo or single family developments)...Will Finance Office condos and Apartment houses, mixed use, Hotels, Office Building etc... Very Attractive Rates for apt houses...
I offer quick closing 30-45 days for loans and I get back to you whenever you call...I am available all days of the week.
On smaller loans (depends on project - contact me) can finance up to 90% CLTV with 10%down. Can work with credit issues (580 scores) if borrower has equity, cash or a seller willing to hold 2nd. Always keep in mind you will have a higher rate for less down ...same for credit too
Call me anytime and let me know what you have...
Regards, Paul Heimbrock 203-240-6670
Pheimbrock@aol.com