All Forum Posts by: Torrey Brandt

I have a refi loan with a VERY strong borrower, VERY strong income-producing business, low LTV on the loan but it has one hiccup. It is a brothel in NV....This is an exceptional lending opportunity and looking for a lender that is not concerned with the asset/business type:

Here are the bullet points:

• April 2017 CBRE appraised value of the two properties - $16.86MM
• Loan request of $7.5MM, 45% LTV (might even go lower, since he may pay down the current loan since the sale to Google).
• Gross revenues of $9.1MM, NOI of $1.68MM
• Borrower has net worth of $20MM, FICO of 715+
• Borrower will sign Personal Guarantee
• Borrower would prefer 10 years, I/O terms, no prepay penalty. 
• I have written summary, appraisal, sources, use, and financial schedule. 

Looking to get this done asap. 

Hey Eric, if you need help my team is based out of NJ.