100% Financing Commerical Property
Posted 16 September 2004 - 11:38 PM
Posted 17 September 2004 - 08:57 AM
Posted 18 September 2004 - 02:17 PM
I havent heard of 100% financing for commercial loans. If you find a lender that even skirts 90% LTV for Appartments please contact me.
Posted 18 September 2004 - 03:16 PM
Posted 31 July 2005 - 03:10 PM
Edited by loanuniverse, 31 July 2005 - 09:04 PM.
Posted 31 July 2005 - 07:49 PM
I assume u mean equity financing or in very rare cases a blend of debt and equity for solid projects where pros are involved.
Posted 01 August 2005 - 03:38 PM
Posted 04 August 2005 - 11:53 PM
Posted 04 August 2005 - 11:57 PM
Sorry about double post ( I made the first one before registering).
Guest_Capital Merchant Group, Ltd_*
Posted 11 August 2005 - 12:55 PM
We could offer this:
100% FINANCING FOR LAND & PROPERTY ACQUISITION
In Vegas, Manhattan, Atlanta, SoCal, Florida (also, other select resort areas)
$ 2 Million Minimum Loan – Commercial Projects Only
100% LTV First Lien Loan for land takedown, with first right to offer construction/development financing at competitive rates
1-year term with 1-year extension available, fast hard cash (10-12% plus 4-8 lender points, plus broker fees) NO prepayment penalty, NO equity requirement on the part of the lender
Full Underwriting Package required
3-10 Day close (depends on completeness of package)
NO Up Front Fee
NO appraisal required for Las Vegas and other select areas
Site Visit required by Lender
Proof of funds & references provided upon issuance of Commitment
For more information, please contact us
Edited by loanuniverse, 11 August 2005 - 01:20 PM.
Posted 01 October 2005 - 08:02 PM
As a commercial broker, yes I do know several 90 percenters that are actually decent to deal iwth - but this is for apartments.
Posted 10 October 2005 - 08:22 AM
Posted 11 October 2005 - 10:59 AM
Commecial loans are based on the income of the property. Many lenders will go to 100% if there is income to support the debt payments.
The trouble is that this type of property almost never sells for low enough price to do this.
Another way to get 100% is to have a seller carry back but again you have the same problem if the payments don't come to a low enough number for a positive cash fow the deal probably is not going to go anywhere.
There are commecial lenders who look mostly at the borrowers credit, the type of borrower that will 100% from these lenders does not need 100% in fact could probably pay cash.
Hope that helps
Posted 13 October 2005 - 03:17 PM
Posted 14 October 2005 - 05:51 PM
(Except in the case of loans such as construction, conversion, etc. anything that might "add value" to the original purchase price).
If the buyer has good credit and the seller is willing to hold a second of about 20%, there are 95% "published" programs for loans of less than $1,000,000.
There are also "published" programs that will allow the lender to hold a 1st and 2nd loan for a 90% CLTV (combined- loan-to-value) commercial loan (not requiring the seller to participate). Also less than $1,000,000 loans.
Then there are many programs that will do 85-90% CLTV if the seller WILL holding a second.
But for the most part, most commercial loans are 80% LTV or less........
But, since we never say never in this business, 100% commercial loans that do exist, usually are a result of private money/investors. Or, a deal that is so extremely strong or the borrowers so strong as to guarantee the deal.
Feel free to contact us with further questions.
We offer almost all the loan programs mentioned above.......... except 100% not related to construction, etc........
Edited by loanuniverse, 14 October 2005 - 06:37 PM.
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