Osage Beach, Missouri Commercial Lender

[Simcha Davidman]

Greetings!

I'm looking at a small medical office property (~$500k pp) in Osage Beach, MO and and seeking a small local bank that uses the treasury as a benchmark, or really anything but WSJ prime. If you know of a good commercial lender out there who doesn't use WSJP, please let me know here or DM me.

Thank you!

Just some extra keywords :) Lake Ozark, Ozarks, KC, St. Louis, Missouri

[Adam Bartling]

@Simcha Davidman   I am going to trying and bring you back to what matters.  What is most important, is "Who CAN Fund Your Deal".

Every lender has their own underwriting criteria, not all lenders do all loans nor all asset types.

I can look into it if you like or you can tell me "kick rocks"

Here are the basics that you must cover:  

Executive Summary

This should be a complete, extensive overview of the project that includes:

Description of Property:

Address, project name, estimated value, number of units, occupancy, etc.

Legal Owner:

Entity and individuals which own the property or to be created.

Loan Amount & Use of Funds:

Debt owed, other liens on the property, uses of cash.

Date of Purchase & Price:

How much cash does the borrower have invested?

Debt Service:

Current debt on property (including terms and if current), current NOI, 3-yr pro forma NOI and

any stabilization notes or key events.

Sources & Uses:

Explain how and where the funds will be used, including source of your investment funds and

funds already invested in the project.

The Story:

Give us a clear picture of what is going on. What is the situation, and why should we finance the project?

Color Photos:

Provide pictures of the current condition of the property to give us a better idea of the nature of

the project that we are financing.

Sponsor Resume and Bios

We need to know about each and every Principal in the transaction. We want to know about their background, level of experience, position and connection relative to this project.