My Original Lender Won't Renew My Balloon!
The State of the Commercial Mortgage Market:
$400 Billion of commercial mortgage loans are coming due for renewal in 2010. The best estimate is that 40% of these loans belong to small and medium sized businesses. The question is, who is going to refinace these loans under these present circumstnces:
CMS-Funding!
Refinancing Opportunities:
If you supply the above, we can have a loan offer from the best lender that meets your goals, needs and qualifaction within a week.
What if I don't qualify?
In certain instances, we can nehotiate a loan modification with your present lender so you maintain ownership and control over your property.
Fees:
We do not charge upfront fees, other than for potential loan modifications.
At the time we present you with a written loan offer (Term Sheet) a $500 processing fee will be charged that will be deducted from our commssion earned upon closing.
Please do not wait until the last moment. The early bird gets the worm!
Act now for best results.
Sincerely,
Arthur
860-946-6637
$400 Billion of commercial mortgage loans are coming due for renewal in 2010. The best estimate is that 40% of these loans belong to small and medium sized businesses. The question is, who is going to refinace these loans under these present circumstnces:
- The Big Name Banks are only lending to their Big Corporate Borrowers
- Most Regional Banks and Local Banks either don't want to lend, or can't lend, due to having to rebuild their reserve requirements.
- Smart lenders that didn't participate in bad loans
- Lenders that don't securitize loans
- Preferred Providers of Government Guaranted loans
- Nich lenders understand smaller business strengths
- Certain Hedge Funds needing to put their excess funds to work
- Private lenders filling a void
CMS-Funding!
Refinancing Opportunities:
- Typical Investor properties - $300K and up
- Owner Occuipied Properties -$250K and up
- Last Resort refinances to $400K
- Small Multinfamily refinances $750K and up
- Large Mutifamily refinances $2M and up
- Church refinances $200K and up
- Business Lines of Credit
- Personal Financial Statement (Download under Forms)
- Credit Report (We can pull if give permission)
- Pictures of Property
- Copy of last Mortgage Statement
- Assessor Report on property
- Last 3 years Business & Personal Tax Returns
- Short Bio showing business experience
- Choice of Fixed or variable rates and amortization desired
If you supply the above, we can have a loan offer from the best lender that meets your goals, needs and qualifaction within a week.
What if I don't qualify?
In certain instances, we can nehotiate a loan modification with your present lender so you maintain ownership and control over your property.
Fees:
We do not charge upfront fees, other than for potential loan modifications.
At the time we present you with a written loan offer (Term Sheet) a $500 processing fee will be charged that will be deducted from our commssion earned upon closing.
Please do not wait until the last moment. The early bird gets the worm!
Act now for best results.
Sincerely,
Arthur
860-946-6637
