Sunday, March 6, 2016

Interested in acquiring distressed assets!


I’m a  commercial real estate investor with a hungry buyers list. I’m interested in problem commercial/bulk residential properties and notes. Your company has taken back that you’re trying to get rid of quickly. I’d love to be able to help you out! If you’re interested my contact info is below. If you’d be willing, would you please send back a copy of the tape so I can start choosing which properties and notes. I want to make an offer on ASAP. I’m very much looking forward to working with you in the near future! Sincerely, Lloyd Carrington Jr. lcarringtonjr@lacjcapital.net
http://bit.ly/1RvLqI2

Tuesday, February 23, 2016

COMMERCIAL LOANS AND INTENTIONAL STUPID SERVICING DEPARTMENTS


Once upon a time Bill Badluck borrowed $2 million from a non-prime commercial lender on his office building. His lender was not a commercial bank, a credit union, or even a regular conduit making CMBS loans.  Instead his lender was one of these new commercial lenders making non-prime commercial loans, the same kind of sub-prime commercial loans that Bayview Financial used to securitize before the Great Recession. A non-prime commercial loan is a commercial loan offering a long term, a fixed rate higher than a bank but lower than a traditional hard money lender, and an enormous prepayment penalty.  These loan requests are less than perfect, perhaps because the property is in asecondary location or because the borrower s credit score is not high enough.  Perhaps the tenants in the building are financially weak, like a tanning salon or a nail salon, or perhaps many of the existing leases all mature in the next year or two.  If the tenants don t renew their leases, the property could
http://bit.ly/1QBw4ao