Private lender/buyer of COMMERCIAL MORTGAGE PAPER

 

Purchase commercial mortgages that meet the follow qualifications.

 

· Three million to five hundred million in value

· Bundled or individual paper

· Performing or non-performing properties

· Maturity date five years or less – 1 to 3 prefered

 

The purchase price of the commercial mortgage paper will vary depending on the rate of return required by the buyer and the quality of the property.

Closing can occur within approximately three weeks after all necessary documentation is received.

 

The following documentation must be received for the initial review to be completed. Additional documentation may be required.

 

· Copy of Commercial Mortgage Paper

· Right up of current states on each property

 

 

1. PurchasIing US Commercial Mortgage Paper only.

 

a. Los Angelas basin area PREFERED.

b. If the property is not located in LA area, properties in MAJOR US METROPOLITAN markets will be considered.

 

2. It can come from Freddie or Fannie, banks (public or private), corporations or individuals.

Banks are prefered, standard mortgage packages readily available.

 

3. Looking for a combined annual COMBINED yield of 20%.

 

4. Maturity on the note to be 5 years MAXIMUM or under with sufficient discount on the paper to make the desired yield. One to Three years maturity would be prefered.

 

5. NO CMOs, NO RESIDENTIAL, etc.

 

6. The following product types are the ONLY those which will be considered:

a. Apartment Buildings (prefered above all).

b. Office Buildings.

c. Multi-tenant Industrial Parks.

d. Retail Complexes.

Advertisements

Tags: , , , , , , , ,

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s


%d bloggers like this: