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August 5, 2009, 10:24 am
RE: Commercial Real Estate Woes Far From Over, Survey Shows - CNBC
Need help with the 90 day seasoning issue with REO’s I’m an investor and I will be buying the property with cash, and I will be reselling it shortly after. I may go on title as late as the day of sale depending on how long it take to get the closing & recordings done. These will be 2 completely separate transactions." I’m running into 90 day seasoning issues..... I’m looking for any small banks in Southern California that might be able to help me out with this. Does anyone know any banks that would do this?
Daniel - Greater Los Angeles
August 5, 2009, 10:23 am
RE: Commercial Real Estate Woes Far From Over, Survey Shows - CNBC
AGGRESSIVE COMMERCIAL REAL ESTATE FINANCING FROM $150,000 TO $2.5 MILLION I’d like to share some information on our new program for small commercial loans; I offer funding for commercial real estate transactions from $150,000 to $2.5 million. Our new Investor is very aggressive in funding the following property types: Apartment buildings that won’t go FHA Mixed use Office buildings Warehouse Light Industrial Retail Gas Stations I am able to get these funded Nationwide! Interest rates will vary between 9.99 and 12.99%, interest only, no prepayment penalty Loan amounts from $150,000 up to $2.5 million Able to accept a "seller carry" 2nd mortgage of up to 20% of the purchase price LTV up to 65% on both purchase and refinance For anyone that is having trouble finding funds for small commercial real estate transactions, our Direct Private Money Investors can solve the problem.
Monty - Boise, Idaho
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