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Author Topic: Ummm...Help!?  (Read 3365 times)

Offline 4EEM

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Ummm...Help!?
« on: March 30, 2006, 12:20:31 pm »
Client is already approved @ 7.125% 10 Year Arm 30 Year Amortization.  3% declining pre-pay and 6K in lender fees.
80% LTV/CLTV
$437K Loan Amount
12 Unit Multi Family in Ohio


I think that's pretty good compared to say, Silverhill, Metwest, etc., etc., etc., but they still want better....I'm scratching my head.   ???

Anyone?
Patrick S. Lawson
Highland Lending, Inc.
Phone  (407) 877-0093
Fax      (866) 476-1133

Offline Mdhaas

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Re:Ummm...Help!?
« Reply #1 on: March 30, 2006, 12:26:26 pm »
What leads them to believe that they can get better?  That would appear pretty good for a commercial scenario.
If at first you don't succeed.....................skydiving is not for you

Offline patti porter

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    • Commercial Mortgages & Commercial Properties...Everything You Needed To Know And More
Re:Ummm...Help!?
« Reply #2 on: March 30, 2006, 12:27:59 pm »
What do they want?  Lower rate, higher LTV?  For a loan amount less than $500k, you probably won't find any better.  You might be able to get higher LTV's if you go with a stated income program but the fees will be high.

Patti Porter
Learn everything you need to know about commercial properties...before you buy them!
Visit http://www.all-about-commercial-mortgages.com.

Offline 4EEM

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Re:Ummm...Help!?
« Reply #3 on: March 30, 2006, 12:30:20 pm »
LOL...They are cash rich... :director:

They want better rates than and terms than anyone else. :bash:
« Last Edit: March 30, 2006, 12:30:49 pm by 4EEM »
Patrick S. Lawson
Highland Lending, Inc.
Phone  (407) 877-0093
Fax      (866) 476-1133

Offline Mdhaas

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Re:Ummm...Help!?
« Reply #4 on: March 30, 2006, 12:35:04 pm »
Well now aren't they special! ::)
If at first you don't succeed.....................skydiving is not for you

Offline 4EEM

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Re:Ummm...Help!?
« Reply #5 on: March 30, 2006, 12:44:04 pm »
...That's what I tell them.
Patrick S. Lawson
Highland Lending, Inc.
Phone  (407) 877-0093
Fax      (866) 476-1133

Offline christopher w

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Re:Ummm...Help!?
« Reply #6 on: March 31, 2006, 07:00:16 am »
4EEM,

Who is the lender you have it with now? I have a loan with similar terms and all I have found is the other lenders you mentioned. Any help would be greatly appreciated.

christopher w
Christopher W
C-214.923.5781

 




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