I have a project with a large corporation that is building additional units - Self Storage. They have over 4B in assets and are in the processes of building three new and looking for funds on four additional.
If you are a lender or can recommend a lender willing to Construction please let me know. I would have no problem co-brokering the deal but the company will not allow more that one broker point so if you are a broker with a source we can split that point.
Hi rob,... i have several lenders that may have an interest in this deal,...i am willing to co-broker with you if interested. what is the amount they need? contact me if interest....d8vhills@aol.com provide direct contact info. thanks,..David
Rob,
I can assist and would be willing to split the 1% broker fee, but will need additional information to engage the proper lender. There are several, many local banks in the market of the property, that will still entertain construction loans for an experienced operator and developer of self storage facilities. I can be reached at 203-345-6118 or morr@orrcommercialcapital.com.
Hello Rob. Are you still looking for a Lender to finance this project? I am willing to help you you with this for a co-broker arrangement. If you give me the details I will work on this immediately. let me know what you need and I'll make it happen. I am a Senior Mortgage Consultant with the largest mortgage Broker in New England (Soon to be a Lender) and have many Commercial contacts that allow me to get creative with projects. Talk to you soon.
Gerry Davignon
Sr. Mortgage Consultant
SB Mortgage Group, Inc.
Office: 413-786-3500 Ext 136
Fax: 413-786-3530
"Meeting your expectations is my job, Exceeding them is my pleasure"
I can provide the construction lending if we can also do the construction management.
Please let me know if this might work for you.
Thanks:
Jeff Lehman
616-540-5500
jlehman@spacewerks.com
Jeff;
I have a great project in CBD in Cincinnati, walking distance from the planned/approved Casino and in the heart of downtown. Redevelopment of a 600K sqf property. We will be getting money from the city but need additional funds. Construction mgmt can be had if financing is provided and experience is there. Property consists of 300 room hotel/250K office/25K sqf retail + Parking. We have PIP for Hotel. Need funding to pay off partners. Low leverage deal.
You can contact me at stephan@financewestmortgage.com and 310-872 9039.
Rob, this forum goes out to 22,000 on Twitter and around 1000 on Facebook and another 8000 on LinkedIn. By not putting your contact information of the post; you have assured that many that want to connect may not be able to.
• We will consider construction loans if Borrower can pull permits within 60 days
of application.
• Construction and mini-perm up to 5 years
• Construction rate of 8%-8.5% and a conversion rate of 7.5%-8% depending on the property and location
• Prefer deals in the $25-$50 million range or higher
• Minimum of $10 million
• Prepayment on a sliding scale in years 1-5
• Borrower will usually need to have 35% equity in the deal for construction with a minimum of 10% cash on hand
• No land loans and no Acquisition and Development Loans
We also do middle of construction when Bank stop the loan
Requirements for a written quote—(Loan Summary, LOI)
1. Executive Summary
2. Submission Sheet properly and completely filled out for each type property
3. Borrower’s financial statements (preferably within 60 days)
To: Commercial Capital Partners
Office: 818-953-7408
Email: capitalpartners46@yahoo.com
Website: www.bestfundingcommercial.com
• We will consider construction loans if Borrower can pull permits within 60 days
of application.
• Construction and mini-perm up to 5 years
• Construction rate of 8%-8.5% and a conversion rate of 7.5%-8% depending on the property and location
• Prefer deals in the $25-$50 million range or higher
• Minimum of $10 million
• Prepayment on a sliding scale in years 1-5
• Borrower will usually need to have 35% equity in the deal for construction with a minimum of 10% cash on hand
• No land loans and no Acquisition and Development Loans
We also do middle of construction when Bank stop the loan
Requirements for a written quote—(Loan Summary, LOI)
1. Executive Summary
2. Submission Sheet properly and completely filled out for each type property
3. Borrower’s financial statements (preferably within 60 days)
To: Commercial Capital Partners
Office: 818-953-7408
Email: capitalpartners46@yahoo.com
Website: www.bestfundingcommercial.com
I would request a brief conversation with you on this file
we are direct commercial underwriters for several construction and recapitalization funds.
They are primarily managed funds that create structured finance model for teh client based on disbursement and vertical needs.
I would like o speak at your 1st available, best time and day?