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Michael Schlotthauer's Discussions
Retail Strip Center in Tampa, FL
2 Replies
I am looking for (Takeout) financing for a completed property located in FL. The current value is 28MM and the loan request is 65% LTV. The property is 100% Leased and the owner has a strong history…Continue
Started this discussion. Last reply by Michael Schlotthauer Mar 20, 2010.
Commercial and Business loans
1 Reply
Commercial financing available to 97.5% Rate: 6.5% fixed for five yearsLoan Amount: 30 Million and above Package requirements:Executive summaryBusiness plan5 year pro-formaFull resumes of all…Continue
Tags: loans, asset, equity, lending, SBA
Started this discussion. Last reply by Seann Poli Mar 28, 2010.
Michael Schlotthauer's Page
Profile Information
- Location (City, State) (Province, Country)
- California
- A Bit About Me
- 27 Years in lending providing a level of service second to none.
- Which Best Describes You? (Pick All That Apply)
- Large Investor =>100K, Commercial Broker, Open Networker
- What Do You Need
- I am always looking for legitimate sources that lend money.
- What Do You Offer
- Commercial and business loans
Commercial financing available to 97.5%
Rate: 6.5% fixed for five years
Loan Amount: 30 Million and above
Package requirements:
Executive summary
Business plan
5 year pro-forma
Full resumes of all principals
Draw schedules for use of funds
Proof of funds in the amount of 2.5%*
If property type is housing we require a feasibility study.
*Proof of funds can be in the form of bank statements or a letter on bank letterhead stating the financial capacity for the 2.5%. The letter must be signed by a bank officer.
We also do loans for businesses based on receivables; we do equipment leasing and anything that has collateral we can lend on.
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