| Joanne_Simmons | Posted: Sep 26, 2008 11:13 AM | [ 20 ] |
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With big lenders like WAMU and IndyMac going under, a lot of smaller investors I work with are saying that they're having trouble getting financing for buying properties (even if they're buying at 50 to 70 cents on the dollar). Does anyone else have this problem? If so, how were you able to get around this? I'd love to see how others are dealing with this. |
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| Matt_Lee | Posted: Oct 01, 2008 6:28 PM | [ 21 ] |
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Junction Mortgage can do loans under 4 units with 25% downpayment, full documents, and investment property. Call me at 408-456-0825 or matt@junctioncorp.com to get a rate quote? |
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| mlindekugel | Posted: Oct 04, 2008 10:17 AM | [ 23 ] |
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for invesments of $10M or more structured financing is becoming very popular and accesible. | |
| Joanne_Simmons | Posted: Oct 04, 2008 11:48 AM | [ 24 ] |
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@mlindekugel We're doing an acquisition/rehab on a commercial property in downtown San Jose, CA. Roughly, $4m acquisition and $2m in rehab costs. Know anyone who might be able to do a project of this size? |
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| Matt_Lee | Posted: Oct 04, 2008 3:05 PM | [ 25 ] |
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I specialized in downtown San Jose. How big is the property for $4M in downtown San Jose? Is it an apartment? On the rehab of $2M, are you getting money from the San Jose's Redevelopment agency? Can you provide me more information on the project? You can email me at matt@junctioncorp.com. Thanks, --Matt
[ Modified ] October 4, 2008, 3:05 pm
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| Joanne_Simmons | Posted: Oct 04, 2008 3:16 PM | [ 26 ] |
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Hi Matt. Actually, it's a retail/office building. We are working with RDA on retail facade upgrade grant but other than that, I have not heard of any other types of grants/loans/fundings that we might tap into. | |
| CashFlowKing | Posted: Nov 06, 2008 10:21 AM | [ 28 ] |
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There is a private money lender I am currently working with... 80% LTV option ARM at 7.35% due in 3 years. 2 points up front and no prepayment. If you are interested, PM me. | |
