Up To 90% Financing For Commercial Loans!

My line of thinking is this. Why would any lender lend to that sort of LTV when they can pick and choose the cream of the crop right now?
The only program(s) I know that even come close are HUD and that's only because they are govt. insured.
Hate to be a pessimist, but it really seems too good to be true.

Edited: 06/26/2010 at 08:17AM

Jon Holdman

Real Estate Investor · Denver, Colorado

11859 posts
75547 Influence
15 Awards

Icon_minipost May 21 '09, 02:35 AM

Valon, Can you answer anyone's questions here? You have a number of questions here with no response.

Has anyone received a response from Valon directly?

Edited: 06/26/2010 at 08:17AM

Jon Holdman, Flying Phoenix LLC

Josh Green

Banker · Tampa Area, Florida

962 posts
4831 Influence
6 Awards

Icon_minipost May 21 '09, 02:42 AM

nope, haven't heard anything. her last post was in april. says she was last signed in 3 days ago.

this definitely was a joke. she never once tried to explain the program. waste of bandwith in my book!

Edited: 06/26/2010 at 08:17AM

Dory Peters

Real Estate Investor · dc, Washington D.C.

393 posts
1985 Influence
3 Awards

Icon_minipost May 22 '09, 11:38 PM

I don't know which lenders Valon was referring to, but I've seen a few lenders that state (on http://www.scotsmanguide.com/) that they're willing to lend up to 90% LTV.

I even found one (Popular Commercial Capital) there who will do 100% LTV as a JV on certain apartment deals. I don't recall whether or not they have a minimum loan amount; I spoke with them about funding a deal for $2.35M.

The catch is they're looking for deals with quite a bit of upside, and they want 30% to 50% of the deal. While I don't have a problem with that, others might not.

Edited: 06/26/2010 at 08:19AM

Lee Ali

Real Estate Investor · Fairfield, Connecticut

46 posts
131 Influence
3 Awards

Icon_minipost May 23 '09, 12:19 AM

This is from Valon website:
"My company is Superb Commercial Funding. I offer the most aggressive financing for commercial properties 5 million and up. I also provide training through my 8 week bootcamp to show individuals interested in investing in real estate how to earn insane 6 figure fees by financing commercial properties. They will also learn how to create a cash flow note out of thin air, as well as how to easily buy and flip commercial properties."

HUD 223F does 85% LTV all day long, with a possibility of 7.5% seller second on top of that. This takes it to 92.5% LTV.

And might I suggest 100% LTV "in certain circumstances."

Disclaimer: I am neither "promising" nor "delivering" any loan products here. I am bringing some ideas to explore. I don't promote bank's business. I am into Bank FREE Investing. :)

Edited: 06/26/2010 at 08:19AM by Lee Ali

Joshua Dorkin

BiggerPockets Founder · Denver, Colorado

10630 posts
46531 Influence
24 Awards

Icon_minipost May 24 '09, 12:09 AM

I'm closing this thread due to the lack of response from Valon.

Edited: 06/26/2010 at 08:19AM

Joshua Dorkin, BiggerPockets, Inc.
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Valon Maddox

Commercial Real Estate Broker · Covington, Georgia

24 posts
-35 Influence
1 Award

Icon_minipost Jul 08 '09, 08:03 AM

To answer all inquires. My partner and I work with a Group of Private Investors that fund up to 100% LTV. We offer competitive financing for individuals who are unable to get bankable loans. I would also like to apologize for not responding to the previous questions. This is due to the fact that I am not on BP all the time. However, if anyone has a viable project, and would like to get more information, my number is and has always been in my signature file.

Sincerely,
Valon Maddox

Edited: 06/26/2010 at 08:54AM