Financing Beyond The Millennium

3917 W. Oklahoma Avenue
Tampa, FL 33616-2411
Ph:  813.839.0340
Fax: 813.839.2228
Email:  cldfinancing1@aol.com




Many Lenders and clients alike consider some properties to be HARD TO PLACE Commercial Property Loans.  
However we at CLD Financing consider no loan project unfundable, if all of the lending
criteria is met by the motivated serious client.  That client has all of their "ducks in a row," so to speak.  
We are here to serve that "motivated" client!  
We provide a list of "GUIDELINES FOR REAL ESTATE FINANCING" tailored to each client's specific funding need.
(See sample below).
Through our extensive lender sources, we now offer new lower interest rates for the following types of properties:
 
Agricultural Properties, Apartment Buildings, Automotive Facilities, Bed & Breakfast, Bridge Loans, Cemetaries & Memorial Parks,
Churches/Temples, Construction Financing, Department Stores, Discount Stores, Drug Stores, Factories, Franchise Projects,
Funeral Homes, Golf Courses, Healthcare Facilities, Hotel/Motel Loans, Income Property loans (over $2 million), Industrial Real Estate Loans,
Land (Quick land loans in Western States), Manufacturing Plants, Marinas, Mini Storage Facilities,  Mixed Use Facilites, Mobile Home Parks,
Nursing & Convalescent Homes, Office Buildings,  Purchase of Raw Land for Development of Land, Residential development financing,
Restaurants, Retail Buildings, Schools Facilities, Shopping Centers, Single Family Homes (over $1 Million), Single tenant retail stores,
Storage Unit Parks, Strip Malls, Warehouses & Financing partially completed developments.

If you have, what other Lenders consider a "HARD TO PLACE Commercial Property Loan"  perhaps you are speaking to the wrong lending source!


MINIMUM LOAN AMOUNTS

INCOME PROPERTIES - COMMERCIAL MORTGAGE LOANS-  Apartment and Office Building loans.  Self Storage and Mobile Home Park financing etc.- (not raw land/land developer loans) -
$350,000 minimum loan amount. Multi-family (apartments) must be 10 units or more .
RAW LAND LOANS OR LAND DEVELOPMENT LOANS - $650,000 minimum loan amount.  For loans secured by land the "As is" value of the land should be twice the minimum loan amount.
OTHER BUSINESS LOANS - $600,000 minimum loan amount .
FACTORING AND ASSET BASED FINANCING  - Loans based on receivables, inventory, equipment & real estate) - loan amount $200,000 or more.
OTHER TYPES OF FINANCING NOT INCLUDED ABOVE - contact us for minimum loan amounts.

You may find it useful to use this checklist when composing an executive summary of your project.
You may just want to answer each question or fill in each item.
By doing so, you will be giving us the information we need.
We should have as much of the preliminary information listed below in order to evaluate your real estate financing request.
There may be some items that do not directly apply to your situation.
These items may be skipped in writing your executive summary or in filling in each item.


GUIDELINES TO CREATING A PRELIMINARY REAL ESTATE FINANCING EXECUTIVE SUMMARY

___ Complete contact information (Your name, company name (if any) and street mailing address, Telephone and Fax numbers and the best time to reach you.
___ In your own word, in one paragraph, describe the details of the project.
___ Is this a NEW FINANCING, REFINANCE or NEW CONSTRUCTION?
___ Amount of financing required.
___ If this is a refinance, what are the minimum rate, terms etc. that you will accept?.
___ If a purchase, how much down payment do you have available?
___ Purpose of the loan (lower interest rate, longer term, etc.)
___ Details of how you intend to use the proceeds of a loan.
___ Type of property(s) (Warehouse, Land, Apartment building, office building etc.)
___ A complete description of the property(s) (location, square footage, construction type, age, etc.)
___ Has an environmental study been done?
___ Information about the buyer(s), [or owners] of the property? a brief one paragraph resume is desirable
___ A short description of the buyer(s) or owner(s) personal real estate experience.
___ If a purchase, will the seller take a 2nd lien position on any portion of the selling price
___ Explanation of current debt on the property. Include term of loan, interest rate, monthly payment, number of payments made, approximate remaining balance, lender name etc.
___ Is there a balloon on the current loan? If so how much.
___ If leased: terms of lease.
___ If appraised recently, details of the appraisal, or your estimate of value if there is no recent appraisal.
___ Rate the buyer(s) or owner(s) personal credit (A to E with A being excellent)?
___ What is the buyer(s) or owner(s) personal FICO (credit) score.
___ Are there any tax or other liens against the property, or against the buyer(s) or owner(s).

IF THE PROPERTY IS A MULTI-TENANT INCOME PROPERTY:
___ Number of units
___ Rent rolls
___ Vacancy percentage
___ Annual rental income breakdown
___ Annual expense breakdown, Who pays for utilities?
___ If an income property and if available, please include an INCOME AND EXPENSE STATEMENT for the latest full year. (If NEW construction, please use PROJECTED figures)

Please complete your summary by telling us any other facts which you feel we should be aware of. Then mail, fax or e-mail the summary to us as soon as possible.
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