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Commercial Post Detail
2nd need for 10 unit in Long Beach 1/10/2019 12:18:04 PM  Broker Location: CA/90024 Hard Money/CA/
PostID: 41847     Status: Open  
Loan Info:  
Amount $175,000 
Appraised Value $2,800,000 
LTV 65% 
DSCR  
Loan Term  
Loan Amortization  
Product Type  
Property Type Multifamily 
Purpose Bridge loan 
Doc Type Stated Doc 
Borrower FICO  
Borrower DTI  
General Notes: have a borrower who purchased a 10 unit apartment building in Long Beach in 2018. He did some upgrades to a couple units and to the exterior which allowed him to raise rents on those units. He's looking to borrow $175k to compete the remaining units. Based upon new rents, the property will be worth $2.8 mil Refinance to pay you off will be in 12 months.
 Replies: 3 
Name: Sean Baker Phone: 818-483-1832 1/10/2019 3:52:00 PM
Company: Velocity Mortgage Capital Email: sbaker@velocitymortgage.com   Display Advertiser: page 25
I would like to know more about this file see if we can help call to discuss
 
Name: Ralph Abbott Phone: 614-484-7060 1/11/2019 12:18:23 PM
Company: Prospera Advisory Group Email: rabbott@prosperag.com  
Unfortunately, this deal does not fit our box. Send me your contact information and I will send you our loan programs
 
Name: Daniel Goldberg Phone: 619-872-6000 Ext 106 1/14/2019 6:04:32 PM
Company: Wilshire Quinn Capital Inc. Email: dgoldberg@wilshirequinn.com   Display Advertiser: page 99
We are interested in this loan scenario.
 
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