Re: [RealEstate] 90% LTV asset based funding

[J Durham]

Are any of these mortgage products available to corporations?  My company has a 40 unit apartment building under contract that is currently hitting about a 13.3% cap at the asking price.  The apartments are 100% occupied with a waiting list and 98% are section 8 tenants.
 
Regards,
J Durham[EMAIL PROTECTED] wrote:


Private Investment consortiuim  will provide 90% LTV financing @ 9% interest,30 yrs, for acquisition of residential and commercial income properties nationwide.
 
Loan amounts from $500K to $5M
 
Property verified income and appraised value qualifies the loan.
No fixers or rehabs. No construction or development projects.
Property must be in good condition and currently appraised at full market value.
 
No personal credit qualifying required
No personal guarantees required
No front fees
No prepayment penalties
 
Borrower is required to bring 10%  cash down. No exceptions.
Downpayment funds have no seasoning requirement
 
Limited offer. Only $50M in funds have been allocated for second quarter 2004 for this unique financing opportunity ....first come , first closed. 
 
Submission procedure:
Submit a BRIEF 1-2 page executive summary detailing  your proposed purchase.
Fax information to CapitalSource100 at (323) 417-5069. ,or email to: [EMAIL PROTECTED] 
 
Upon review and initial approval, we will contact you with further details.
Principals only. 
 
 
CapitalSource100  Apply for Commercial Real Estate loans online and submit your deal to dozens of hungry lenders in just minutes. Loan programs for all types of business and commercial real estate. Apply anytime at http://realestatezoo.com RealEstatePart of RealEstateZoo.Com-------------------------------------Post message: [EMAIL PROTECTED] Subscribe:  [EMAIL PROTECTED] Unsubscribe:  [EMAIL PROTECTED] List owner:  [EMAIL PROTECTED] Web Site: http://groups.yahoo.com/group/RealEstate 
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Apply for Commercial Real Estate loans online and submit your deal to dozens of hungry lenders in just minutes. Loan programs for all types of business and commercial real estate. Apply anytime at http://realestatezoo.com 

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