Condo Inventory Loans

[JosephD]

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]

[successmindedgal]

Thanks for the info.