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Jul 01, 2008 8:14 pm |
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Large Cap Commercial Project Funding |
![](/pics/DapnoWsDtcbn-s.jpeg) Brynn Sorenson
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Large Cap commercial projects. The fund is at the 90 day LIBOR plus 1.5% on a 5 year program, as the rate.
Please contact: Brynn Sorenson A-new Mortgage 414-241-3100 brynn@a-newmortgage.com www.a-newmortgage.com/
The standard terms of the loan based on future value are: 4.41% rate (note rate is based on the 90 day Libor rate) plus 8.25 total points, 5 year term, with renewable five years option, if required and up to 90% loan to value, and 10% of the requested loan to be placed into escrow. (Note: bridge loans may be available for the 10%), minimum loans are required to begin @ ten million. Time of funding is 45 - 60 days with 30 days for the bridge loan. We currently have over 80 projects ..... for about $15.5 billion in process!
Some are as follows: 1. $400 MM theme park 2. $50 MM line in Australia 3. $25 MM mixed use condo/business project in AZ 4. $15 MM condo project in San Francisco 5. $24 MM building purchase in Michigan 6. $180 MM residential project in UT 7. $78 MM residential project in SC 8. $30 MM hotel resort in Costa Rica 9. $25 MM diamond mine in Africa 10. $25 MM flag hotel 11. $650 MM casino 12. $10 Billion casino on the Vegas strip
Private Reply to Brynn Sorenson (new win) |
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