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Looking to Purchase Non Performing Multi Family Notes

Looking to Purchase Non Performing Multi Family Notes

Posted on Oodle - 3 weeks ago
Property Type:
Multi-Family Residences for Sale
Location:
Las Vegas, NV
For sale by:
For Sale by By Owner

Las Vegas Description

requirements for apartments multi family refinancing.....


WE PURCHASE OR REFINANCE OF MULTI UNITS ( APTS) ONLY:

80% LTV ON REFIS
80% LTV ON PURCHASE
90% ON CONSTRUCTION
PURCHSE CAN BE AT LOWEST POSSIBLE INTREST RATE
BASED ON FANNIE MAY QUOTES
MUST HAVE RENT ROLLS
BUILDINGS MUST BE MAKING A PROFIT
DSCR 1.20 OR BETTER WITH MORTGAGE
BUILDINGS MUST BE 90% OCCUPIES AT LEAST
RENTS MUST BE IN CONJUNCTION WITH THE AREA
BUILDINGS CAN BE A, B , OR C
CONTRUCTION MUST COMPLY WITH ALL LOCAL RULES
INCLUDING ENVIRONMENTAL
GREY PLANS MUST BE SUBMITTED WITH CONSTRUCTION APPLICATION
ALL FANNIE MAY RULES MUST BE COMPLIED WITH
WE WILL EVENTUALLY NEED FINANCIAL STATEMENTS ON THE BORROWER
& 2 YRS TAX RETURNS & 2 YRS P & L

TO GET STARTED, WE WILL NEED :
ADDRESS
YOUR VALUE OF THE PROPERTY IN QUESTION
HOW MUCH IS PRESENTLY OWED- FOR REFI OR PURCHASE
AP # ON ALL LAND & IMPROVEMENTS

HOPE THIS HELPS YOU TO GET STARTED HER IS A WEBSITE WITH FURTHER INFORMATION:

GREYSTONEFINANCIAL AT :

WWW.GREYCO.COM

THAT SHOULD LEAD YOU TO GREYSTONE IN NYC
& ALL AFFILIATE OFFICES
===========================================
ALSO:

DO U HAVE APPARTMENT/ MULTI-FAMILY UNIT PERFORMING NOTES FOR SALE?

I WANT TO BUY UR NOTES- WE ARE INTRESTED IN MANY

PAY ACCORDING TO ABC PAPRE HIGH AS .96 CENTS ON THE $

IF THEY HAVE IT- READ LIST FROM WHOLE TERM SHEET

IF THEY ASK WHO I AM- I SAY IM A CORESPONDANT FOR GREYSTONE FINANCIAL OUT OF NYC

IF NON PERFORMING SAY WELL LET ME SEE WHAT U HAVE- SEND ME A TAPE

IF SOMEONES NOT AVAILABLE ASK IF I CAN CALL THEM BACK

680 FICO BY OWNER

NO PPP

1ST NOTES ONLY

PERFORMING NOTES- 1 YR MINIMUM TRACK RECORD

STANDARD INSURANCE

DSCR 1.20 OR BETTER THE HIGHER THE BETTER

80% LTV

90% WITH PMI OR MI

5 UNITS OR MORE

HOW MANY BEDROOMS STUDOIS

YEAR BUILT

HOW MUCH LEFT ON TERM MUST B 5 YRS OR MORE OR RENEGOTIATE

MUST BE ABLE TO PUT PPP ON IT

30-45 DAYS DUE DILIGENCE

NO CLOUD ON TITLE - CLEAR TITLE - NO JUDGEMENTS ON PROPERTY

RENT ROLLS DURING DUE DILLIGENCE PERIOD

IF ERROR ON A-C PROPERTY WILL RENEGOTIATE

HOW MUCH ARE THEY WILLING TO DISCOUNT IT?

WHAT WAS THE ORIGINAL AMOUNT OF THE NOE?

THE PRESENT AMOUNT OF NOTE?
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This Multi-Family Real Estate located at Las Vegas NV 89129 is currently for sale and was listed 3 weeks ago in Las Vegas, NV. See other Las Vegas Real Estate