Anyone here do Commercial real-estate loans??

[WetWillie]

I am trying to buy a building here in San Diego. My current Bank US Bank will not touch it for less then 25% down I would like to put 10% down with maybe a SBA guarentee if needed. My CPA told me today that he was told SBA is not doing alot these days as they did not recieve alot of there funding for 2004??
Anyone do these loans??
Please PM me.
WW

[Kilrtoy]

Yes,
Tandem mortgage
Ask for Steve Abramson, he is the owner, that is all he does.
Tell him Mrs. kilrtoy sent you, Yvonne
818-700-6373
They are in Northridge

[WetWillie]

I will give them a call. WOW first time I have ever seen you post on the boards.. I feel special!!
WW

[Kilrtoy]

Something serious like that , I thought I would stop lurking and help ya out....

[SpectraJoel]

Contact SpectraBrent. I know he does mortgages as well. Pro-Line mortgage in Northridge.

[WetWillie]

Does the price of the building have any bearing on who can help? I just dont want to waste anyones time? :idea:
Bldg is $2.7 million
I can put $270k down
Leaseback deal current owner would sign lease for 30 months and then I move in.
WW :jawdrop:

[Kilrtoy]

I Have no idea about that stuff at all.
But that is his specialty, commercial loans.....

[locogringo]

Check your PM.....

[totenhosen]

I work for a commercial bank in LA area. We also do SBA loans. PM me for more info if needed.

[ChumpChange]

I must say, I work for US Bank and am able to do a loan with less than 25% down for that amount.