| Robert Hauge 2005-06-16, 2:24 pm |
| Up to 100% LTV IS AVAILABLE
quote:
>
> 100% does NOT mean "NO MONEY OUT OF POCKET"
So, if you don't have a VERIFIABLE 1%-3% to put into the deal, DO NOT
quote:
> APPLY.
No condo conversions/rehabs/distressed properties or
quote:
> anything other than Multi Unit Apartment Buildings
> (Don't ask, we are not interested in any other type
> of deals at this time).
These loan programs are for cash flowing, occupied,
quote:
> well-maintained Multi Unit Apartment Buildings ONLY.
>
> You MUST have experience with these types of
> properties or you MUST have a good management company to run them.
LOAN PROGRAM 1:
quote:
> This is a SPECIAL program that may not last long
>
> 100% Financing for A-C quality Multi Unit Apartment
> Buildings with GOOD CASH FLOW and OCCUPANCY and
> between 1.00 to 1.25 DSCR.
>
> Property values between $1Million and $4Million
> ONLY.
>
> Must be a REAL deal - NO INFLATED PRICES.
> Again, MUST have 1%-3% to put into the deal.
>
LOAN PROGRAM 2:>
quote:
> A-B quality Multi Unit Apartment Buildings ONLY.
> 98% LTC for multi unit apartment buildings/complexes
> from $5 Million to NO LIMIT.
> Properties must be @ 90% occupancy or greater with
> GOOD history of maintenance and cash flow and
> between
> 1.00 to 1.25 DSCR
> MUST have 1% 2% to put into the deal.
Let's make a deal happen,
Robert Hauge
www.shopaloan.com
253-761-3031
|