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Author Topic: Need Hard Money Lender for huge loan amount  (Read 1084 times)

Offline CertifiedMortgagePlanner

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Need Hard Money Lender for huge loan amount
« on: July 23, 2007, 09:15:10 pm »
I was contacted by a potential client for a $40,000,000 loan, true no doc and no credit. This is a huge stretch, and I am in the business, and would love to find a HML ---- if possible. It is for a 72,000 sq.ft, 12 floor hotel in NYC.

More info is available, but just need to know if there is anyone out there who could entertain this!?? Thank you for any HML ideas..
« Last Edit: July 24, 2007, 05:23:48 am by Mdhaas »

Offline mtgman47

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Re: Need Hard Money Lender for huge loan amount
« Reply #1 on: July 24, 2007, 08:54:34 am »
Need more infomation than what you've provided...I know you said no doc/no credit,, but what is the loan to value? Is this a rehab deal? What's the total scenario?

 




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