Refi loan scenario summary - South Bay Lending

[Ramiro Ramirez]

I have a loan scenario. Would anyone be interested in this?

I have a borrower that purchased 13 properties between 2020 and 2023 with cash. They are all non-owner and he’d like to put 55% leverage on all of them. He does have a $25mil loan wrapping up 10 properties and a $5mil wrapping up 2 properties. Would like to refi them and take out an additional $35mil.

This loan could be one blanket loan for 13 individual loans or any combination your investors feel comfortable with. The client will use his business, which generated over $170mil in 2022 and on pace to hit $90Mil+ in 2023, as the guarantor. He wants a 5 year loan for 55% LTV on his luxury properties for operating capital for his Crypto business and for future purchase of more luxury properties.

I have a full file.

Thanks!