We have a large source of available funds available to finance your challenging loan request.
Please note there are property types that we do and do not lend on. Below is a list of we like and don't like. Let me see your submissions today and I will get back to you right away with our interest.
Can do:
Commercial: NATIONWIDE (except for Michigan and Vermont)** Multi-Family (5+ units), Mixed Use, Office Building, Office Condos, Lite Industrial, Warehouse, Groups of Condos or Residential properties owned by LLC or Corp.
Mixed use, multi units, fractured condos, office buildings, retail strip centers, lite industrial, warehouse, finish construction, acquisition and rehab combined funding, student housing (not residential).
Cannot do:
Land, development deals, ground up construction ,theme parks, golf courses, marinas ,casinos, hospitals ,churches, ski resort, bio-diesel plants, parking garages ,auto related ,hospitality ,care facilities, owner occupied homes. Land, Land, Land, Ground Up Construction, Development deals, Churches, Hotels/Motels, Hospitals, Casinos, Resorts.
Terms:
3-24 mths.
Interest Only
$100 K- $5 Mil.
Second Mortgages allowed.
Need at least 20% of your own funds if there is a seller second.
50-65% LTV (Depends on State)
80% Total Combined Financing
2-3 week close
Full, ALT and Stated income types.
* Bad credit? - No problem!
* Tax returns not showing enough income? No problem!
* The building has less than 90% occupancy? No problem!
* Closing date within 30 days? I can do it with a cooperative borrower.
* Hesitant about paying upfront fees? We charge NO upfront/due diligence fees!
Please call me today with your commercial deals requiring private, bridge financing.
Joseph Failla
FAILLA FUNDING
http://www.failla.com/
Joseph Failla: 917 294 1506
Posted by ffunding
