All Forum Posts by: Chris Frazier

Upfront fees and the terms are not good

Commercial lenders It is a type of funding, typically from a private lender, that is backed by the value of the property, not by the credit worthiness of the borrower. It has lower LTV ratios than traditional funding because the property itself is used as the only protection against default by the borrower. The LTV is typically 50%-65%, and less for raw land.

This type of funding carries interest rates even higher than traditional subprime loans. Interest rates are 10.5% - 14.5%. They are Interest-Only and Non-Recourse with no Pre-Payment Penalty or Exit Fee. Up to 3-year term available.

We also fund residential but with all of it you have to have skin in the game. That's down payment money.

Email me at: [email protected]

I have funding sources that I work with and could be some assistance.

The real proof will come when you get your hands on the property's financial statements and that will tell you how the asset is preforming today.  

I have been in real estate investment for 9 years and have just added commercial financing to my arsenal. The group that I work with can find $5,000,000.00 up to $100,000,000.00. 

I still haven't found anything on  Gary Zaccaria at all and would love to know more.