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13
Dec

What to Expect in 2016-Free Audio Download

Posted by in Brian's Blog, Recent Closings, Site News, Tip Of The Week

Click on the link or cut and paste into your browser and enjoy my overview of the trends we can expect next year in the economy at large and commercial and business lending in particular.  Enjoy!   http://www.audioacrobat.com/sa/WVn0FMhk     http://seminoles.audioacrobat.com/download/seminoles-20151210122644-2539.mp3  

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17
Aug

$377,000 Foreign National refinance on our Private Money Fund!

Posted by in Brian's Blog, Commercial Real Estate, Recent Closings

Where?  North Carolina Type: This was a refinance for a Canadian Foreign National that was paying off the seller from his purchase a year ago.  Among the challenges on this loan is that they had a poor management company in there- so even though they had owned it for a […]

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10
Jun

$350,000 refinance of a ballooning note on a medical office building

Posted by in Brian's Blog, Recent Closings

This borrower came to us just late last week after getting turned down by numerous banks because of his week 2012 tax returns. His note balloons at the end of the month and, the company that bought the note wants his property. We issued him an approval late Friday­just 2 […]

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9
Jun

$220,000 Foreign National purchase of a vacant apartment building

Posted by in Brian's Blog, Recent Closings

Again, another group of Canadians are buying a small vacant apartment building. Although this one has no rehab money in it, we often can get the rehab money as well. We can take the purchase price, plus the rehab and costs and loan 60% of the entire deal. People are […]

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7
Jun

$230,000 Cash out loan on RAW LAND!

Posted by in Brian's Blog, Recent Closings

Yes we do land loans at 30% LTV (normal properties are 60­65%). This was a developer with free and clear property who needed some money for down-payment on another project and we got him some quick cash out against the unencumbered raw land he had in Texas. We are fast […]

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6
Jun

$150,000 Debt consolidation refinance BLANKET LOAN

Posted by in Brian's Blog

This borrower had 11 condos in a condo community, what is called a fractured condo. In other words, he did not own all the condo’s in the complex­just a hodgepodge of them. We did a blanket loan on the 11 condo’s and got a huge assortment of debts refinanced freeing […]

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