Serving the real estate community for over 40 years.
 |  | | $5,700,000 - Loan Amount
This property had a first trust deed with a local bank who was charging the borrower 3% over the going rate and refused to budge. We restructured the loan dropping the interest rate over 3.75% and extending the amortization to 20 yrs. Borrower saved over $700,000 in interest charges in the first five years of the loan. Enlarge Image | |
 | $3,200,000 - Loan Amount
165 units in Metro area. Borrowers needed to buy minority interest of one partner plus need $1,000,000 for capital improvements... Secured a full 30 year loan tied to cost of funds index w/a 2.5 margin. This resulted in a loan with an historical 10 yr average rate of 7.35. Enlarge Image | |||
 | $700,000 - Loan Amount
Borrower had been trying for over a year to get a construction/permanent loan for a new gas station in the S. Calif. Mtns. Last bank had his application for over 5 months and kept asking for more information. In four weeks, we had a 25 yr. fully amortized loan funded at Prime plus 1. Enlarge Image | |||
 | $1,100,000 - Loan Amount
Borrower had built center and owed 2.5 million. Bank taken over by RTC. After one yr of govt bureaucracy, they gave borrower one month to pay off loan as govt was selling note for $1,100,000. A quick loan was obtained with no pre-Payment penalty and had a 15 yr amortization Enlarge Image | |||
 | $850,000 - Loan Amount
A private truck terminal with one small building. Located in an industrial area, this property had little appeal. Our lender liked it because of its solid record of cash flow. Borrower was able to obtain a 30 yr amoritzaiton with a 10 yr. call at libor plus 3. Enlarge Image | |||
 | $1,500,000 - Loan Amount
A brand new private school in Florida. No record of cash flow, construction loan due now!!!... Borrowers had been looking for 6 mo. Contacted us and in 9 days we had a letter of intent for a 25 yr loan at libor plus 3. Enlarge Image | |||
 | $300,000 - Loan Amount
A mixed-use 2 story building with retail on bottom and apts on top. Located in mountains of S. Calif. with a tourist dependent economy. Obtained a Libor plus 3 rate tied to 10 yr T-bill. 15 yr. amortization. Limited financials, but good cash flow. Enlarge Image |
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Last update: 25 October, 2007
Copyright © 1997, 1998, 1999, 2000, 2001, 2002, 2003, 2004, 2005, 2006, 2007 by Edward J. Soehnel Jr. (Real Estate Broker - California Dept of Real Estate Lic 00342271; DRE tel 916-227-0931) and CitiVU. All rights reserved.
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