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Industrial Building Refinance 50% LTV 1/8/2019 12:03:08 PM  Broker Location: VA/22042 Commercial/MD/21227
PostID: 41834     Status: Open  
Loan Info:  
Amount $350,000 
Appraised Value $700,000 
LTV 50% 
DSCR 1.5 
Loan Term  
Loan Amortization  
Product Type 7 Yr Fixed 
Property Type Industrial 
Purpose Refi: Rate & Term 
Doc Type Full Doc 
Borrower FICO 650 
Borrower DTI 30 
Keywords: Industrial, Baltimore, Refinance
General Notes: 13,500 sf Ind. Bldg 100% leased 9K mo rent cash cow w/multiple tenants. Near intersection of I-95 and Baltimore Beltway and UMBC. Client seeks to replace 350K HM loan with longer term and better rate.
 Replies: 3 
Name: Robert Schumacher Phone: 215-619-2575 1/8/2019 12:12:13 PM
Company: Velocity Mortgage Capital Email: rschumacher@velocitymortgage.com   Display Advertiser: page 25
no income no tax return solution
 
Name: Sales Manager Phone: 800-819-4199 1/8/2019 2:48:24 PM
Company: Cherrywood Commercial Email: info@cherrywood.com   Display Advertiser: page 115
Cherrywood Mortgage is a direct lender interested in this loan scenario. Please send a summary of the loan request to Stuart Egan at 267.274.4216 or you may contact him at 267.274.4216.
 
Name: Jim Howell Phone: 480-656-2688 1/9/2019 6:48:31 AM
Company: Freedom Capital LLC Email: jim@freedomcapital.biz  
2.0% Bank-Paid Broker Commissions Available (1st Lien ONLY-$100k Max.Comm.). Bank-Based Financing with Very Quick Turn-Times. 675 Minimum (700 Const.) Experian FICO - Full Doc ONLY. 1st Lien on Real Estate ONLY. IF held less than 2 years, Purchase Price plus Improvements may be Total Value. 1.25x (O.O.) to 1.40x (N.O.O.) Minimum DSCR. Full Recourse (Reduced Recourse Available for LTV below 40%). --- www.FeedomCapital.BIZ ---
 
Program/Credit Grade Rate Pts/YSP Product Loan Term Prepay Penalty Notes
N.O.O.Multi-Use,Floating 7.000% 2.000% 6-mo Fixed 20 Yr Yes 65% LTV (Investor Held)
N.O.O.Multi-Use,Fixed-5 6.500% 2.000% 5-yr Fixed 20 Yr Yes As Above
N.O.O.Multi-Use,Fixed-7 6.800% 2.000% 7-yr Fixed 20 Yr Yes As Above
N.O.O.Multi-Use,Fixed-10 7.250% 2.000% 10-yr Fixed 20 Yr Yes As Above
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