Commerical Lenders..

General Real Estate Investing
1

Hello, I am a loan officer here in Florida and my client needs a $160K loan (80%LTV).
Looking for a stated/stated program with a 669 mid score.
This is a warehouse on a lot.

Can someone recommend a commerical lender that will do that low of a loan.

I hope it is okay that I put this request on here. :slight_smile:

Thank you
East Coast Girl

2

I would post on the Mortgage Grapevine… do a google search for it

3

Thank you :slight_smile:

4

Try this link http://www.c-loan.com/

5

The size of this loan is not as large a problem as the LTV.

You will have a hard time finding any commercial lender willing to do a 80% LTV for a warehouse.

However, for this size loan and needing Stated/Stated, one of your best and possibly only choices might be Interbay Funding (They are there in FL)

6

Thank you Wes, exactually I have left two messages for our Account Rep with Interbay and she has yet to contact me.

Checking out their website for a matrix’s of some kind.

The client could probably put 25% down.

Thanks again,

Make it a Great Day :slight_smile:

East Coast Girl