OfflineWe have access to commercial funding source for deals $250,000 and up. They will also buy notes.
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Commercial Funding Source and Note Buyer..
Posted on: Sat, 02/25/2012 - 00:39
We have access to commercial funding source for deals $250,000 and up. They will also buy notes.
With the commercial funding source what is their LTV?
What are their requirement for notes?
More information would be very valuable.
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The Conduit I have access to the LTV depends on the deal, usually 20-30% cash in the deal, refinancing debt it can be less, and interested in mainly deals over $1MM. They also have bridge, mezzanine, and depending again on the deal commercial hard money. They are very competative on rates and are note a mortgage broker, they can write the check! Notes they are interested in buying notes from the seller or seller reps (no daisy chain)direct that are greater than $1MM and in major metropolitan areas. They are not interested in Bulk SFR notes. I hope this answers you questions.
Therin