All Forum Posts by: John Thompson

Large cap financing is at a record denial rate right now, not to mention the word condo. The large cap deals that are moving forward in todays capital climate are sponsors with 40(ish)% of the cost in the game. Call a commercial broker to get a feel for the financing markets before you spend too much time.

Financing to go horizontal and vertical will be difficult in today's capital markets. Most lenders will not consider a project unless the sponsors have 40(ish)% of their own cash into the deal if your project is going to cost more than 1.5MM. What alot of developers are doing today is leveraging their stock portfolio to add financial horse power to the deal. If any of this is of interest to you, let me know.

I may be able to assist.

Check the pricing with your lender when going below 580 as most times the pricing hits are so big, you are almost working as a charity rather than a business.

I would call a list broker. We have used Data Warehouse, Info USA, and Leads Direct Marketing. These companies will compile lists to include any filters that you need; Mortgage lates, Ficos, Name, Address, Phone numbers, etc.

You will be hard pressed to find anyone to say good things about this company...DO NOT ENGAGE THEM... If you are looking for commercial financing, we may be able to help, depending on what the deal looks like. In today's market it is possible to get 80% up to 1.5MM but it cannot be a special use property..(Rest/Bar / School) I have one investor that is going to 80% on an investor / stated product with 620 scores. Hope this helped.

We work with a capital partner that does not charge any up front diligence fee's; however their rates are not a friendly as others that do charge...We are closing most commercial deals right no around 8% with up front fee's, however if you did not want to pay anything substancial up front, we may be able to get you funded in the 11(ish) range.

Hope all is well with you and yours.

Hi Troy,

Let me know if you have any questions, happy to help.

Good Morning All,

This look to be a great resource and I look forward to meeting some of you.

We are an asset based lender specializing in commercial properties, we are a lender but also work with a dozen or so private capital and REIT's for commercial funding.

Hope all is well with you and yours, JT.