Posted by Gal N. Kaufman, Esq. on March 24, 2005 at 13:22:14:
please call me at 202.296.1000. I am bidding on an apartment building (20 units) and would like to discuss financing with you, espeically interest only products and 90% LTV arrangements. Thank you.
90%LTV(apartments,hotel,resort)Hard Money 85%LTV - Posted by commercial lender
Posted by commercial lender on March 18, 2005 at 12:30:31:
Commercial financing
90%LTV on purchases for apartment buildings, hotels, motels, resorts, retail.
Min loan amount $1 Million/Max Loan amount $50Million
85%LTV hard money loans
7% to 14% interest only
12 months to 10 year term
No ufront frees
No commitment fees
Min loan amount $1Million
100% Cost financing
95%LTV to 100%LTV purchase(apartment,hotel,motel,resort)
100% cost financing
80%LTV after renovation/construction
7% to 14% interest only
12 months to 10 year term
Contact discountfunding@mail.com
Re: questions about loans - Posted by Mike Patterson
Posted by Mike Patterson on May 23, 2005 at 15:18:17:
We have an offer on the table at appraised value of property. What criteria needs to met to have 90% LTV? We also have sourced money, not seasoned. My question is do you accept sourced money, and do your appraisers have to be MAI certified? We had an appraisal done and it came to about 3.8 million. One of our problems is that he was not MAI certified. We are now looking for other sources to help us reach our goals. Any help would be appreciated.