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Ivan Dan
06-05-2006, 05:05 PM
I know there is a couple guys on here that do commercial loans.... I have a couple questions for you. One of my agents has a client that wants to buy a 200 unit apartment building and he found a lender that say they can do 100% financing. My first though was YA SURE PAL....but I was just looking for some feedback if there are any 100% financing programs out there for large commercial loans.
Thanks!
DAN
blackcloud75
06-05-2006, 05:15 PM
How was Mex?????
blackcloud75
06-05-2006, 05:16 PM
How was Mex?????Jackin' this thread already......
INSman
06-05-2006, 05:23 PM
Chumpchange here on the boards does commercial loans for US Bank I believe and is very successful, so successful that he is away on company trips that he has won over the past few years :)
Ivan Dan
06-05-2006, 05:25 PM
How was Mex?????Jackin' this thread already......
Mex was cool....just chilled and watched. It was nice but frustrating at the same time.
Whats up bro? How ya been?
essexjet
06-05-2006, 05:26 PM
Dan I do the commercial loans for my company and there are no 100% CLTV commercial loans out there.
Ivan Dan
06-05-2006, 05:27 PM
Chumpchange here on the boards does commercial loans for US Bank I believe and is very successful, so successful that he is away on company trips that he has won over the past few years :)
Thats who I was looking for...couldn't remember what his name was here.
catman-do
06-05-2006, 05:29 PM
Ivan Dan - I work for a SubPrime lender, however we are strictly residential. There are a couple sites that would be better for you than HB forums.
Try
www.brokeroutpost.com
www.brokeruniverse.com
On broker universe its one big cluster fok up scenarios. I personally like broker outspost, more organized and they have specific sections in there to post. Many lender reps such as myself will look through scenarios and price them if we can do them.
Hope this helps.
Wmc
06-05-2006, 05:31 PM
I work for Provident Bank Mortgage and we have a commercial loans department. You can Contact Lisa Waterbury at 951-782-6177. She is very helpful and could answer any questions you may have.
Thanks, Wendi
Ivan Dan
06-05-2006, 05:33 PM
Dan I do the commercial loans for my company and there are no 100% CLTV commercial loans out there.
This is what I figured would be the answer to my question. What is the min. down payment required? 25%?
catman-do
06-05-2006, 05:39 PM
WMC - You work for Provident in Rancho??? Ive been wanting to get in there and see about getting the company either brokered or correspondant. I assume you just switched companies if your board name is WMC?? Either that or you have a Warlock..... :idea:
essexjet
06-05-2006, 05:40 PM
This is what I figured would be the answer to my question. What is the min. down payment required? 25%?
No there are some out there that will do 90% CLTV up to $50M
essexjet
06-05-2006, 05:42 PM
I work for Provident Bank Mortgage and we have a commercial loans department. You can Contact Lisa Waterbury at 951-782-6177. She is very helpful and could answer any questions you may have.
Thanks, Wendi
You work for Provident - Christina is our Rep for Provident
acatitude
06-05-2006, 05:43 PM
geesh and I only want a loan on 750k in LOTO..... so 75k down ??? pm me
Ivan Dan
06-05-2006, 05:47 PM
No there are some out there that will do 90% CLTV up to $50M
Does is make any difference if its a corporation instead of an individual?
catman-do
06-05-2006, 06:01 PM
Yeah, there are some commercial lenders that have a problem with recording in an LLC.
Wmc
06-05-2006, 06:29 PM
WMC - You work for Provident in Rancho??? Ive been wanting to get in there and see about getting the company either brokered or correspondant. I assume you just switched companies if your board name is WMC?? Either that or you have a Warlock..... :idea:
Wmc is the initials of my husband's name. I have worked for Provident for 3 years. Give me a call at 951-990-0328 if you would like to get broker approved. We do not do correpondant lending. I have a Magic!!!
Wmc
06-05-2006, 06:31 PM
You work for Provident - Christina is our Rep for Provident
Christina is a great rep. She used to be an underwriter, went out in sales and has been very successful.
catman-do
06-05-2006, 06:35 PM
Nope, I dont work for a broker shop.... Was going to see about getting my foot in the door. I work for BNC Mortgage. haha, always working and trying to make more money... Does that make me a greedy bastard?
eman1625
06-05-2006, 06:35 PM
WMC (Wendi) is our account rep from provident. She is awsome you wont be disapointed!
Wmc
06-05-2006, 06:37 PM
WMC (Wendi) is our account rep from provident. She is awsome you wont be disapointed!
Thanks for the compliment. You & your dad are great to work with. See you soon.
Wmc
06-05-2006, 06:38 PM
Nope, I dont work for a broker shop.... Was going to see about getting my foot in the door. I work for BNC Mortgage. haha, always working and trying to make more money... Does that make me a greedy bastard?
If your looking for a job you can send your resume to rhegg@myprovident.com, Provident is always looking for good reps.