Our client owns 12 commercial properties and improved vacant land valued at $35,000,000 and a net worth of $29,000,000 ( verifiable). The client is looking for $1,800,000 to improve a commercial shopping center. He is willing to blanket 2 or 3 of his properties. to obtain the loan. The vacant land with plan and permit is valued $4,900,000, and it is Free, and Clear a single-family residence valued $1,080,000 is free and clear . 2 gas stations valued at $11,900,000 have only $4,320,000. ----------------------------------------------------------
We are looking to an investor who could arrange a blanket loan on 203 properties, with 1 property in second position at a very low LTV. The combined LTV will be under 40% .
The client is financially strong with excellent credit
This is a brokered loan. I'm looking to a direct lender or a broker who has direct investors.
