Condo Inventory Loans
Here are the details on the new program available today for "CONDO INVENTORY LOANS"
The minimum loan is $10,000,000 the maximum is no limit they are doing one for 300MM
The States of Florida, North Carolina, and South Carolina take first call but they will do others
The condos must be "WATER ORIENTED" or water access in their immediate areas
The loan terms are 2 to 3 years at 12% interest "NO PAYMENTS" the interest accrues
There is no pre payment penalty and there are release clauses on each unit closing sale
The funding lenders costs are 2 points going in and 1 point going out
We must get paid from the borrower but anything is agreeable with the lender
This means if the borrower wants to pay us the referring consultants with condos, OK!
Please review these terms and get all the detailed documentation from your clients NOW!
Joseph DeFranco
Hampton Bridge Advisers
[url]http://www.hamptonbridgeadvisers.com[/url]
[email]defranco.joe@gmail.com[/email]
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