Georgi
Oct 12 2005, 09:45 AM
Hello,
In short, ~720 FICO borrower is looking for competitive financing on a 15 unit multi-unit acquisition. I would be putting 17%-20% down and would need to finance the remainder. Strong cash flows even at 100% LTV. Ideally I'm looking for a 30-year fixed mortgage, and a loan amount no higher than $500k.
I would be interested in speaking with any private/commercial investors who would consider extending a loan for that amount.
Cheers,
-Georgi
georgi_at_phantom_dot_gcrc_dot_upenn_dot_edu
Commercial LO
Oct 12 2005, 01:15 PM
With 20% down, look at:
http://www.impacmultifamily.com/Impac_Multifamily/www.greystoneusa.com
http://www.ibancorp.comhttp://www.everbankcommercial.comIf the property qualifies, they will generally have better rates and longer amortizations than traditional banks. This assumes a loan amount at or near $500k
Georgi
Oct 12 2005, 04:46 PM
Thanks LO...
QUOTE(Commercial LO @ Oct 12 2005, 02:15 PM)
With 20% down, look at:
http://www.impacmultifamily.com/Impac_Multifamily/www.greystoneusa.com
http://www.ibancorp.comhttp://www.everbankcommercial.comIf the property qualifies, they will generally have better rates and longer amortizations than traditional banks. This assumes a loan amount at or near $500k