There are various off-market properties that 10th Real Estate manages, and we work with investors/buyers/portfolio managers, to assist in acquisition and financing.
Needed a rush refinance involving a war with the Attorney's at the Title company. No appraisal, cash close, won the battle with the attorneys!
Refinancing a commercial construction project before it's complete can be tricky, especially if you plan to get a fixed rate near 7%. We were successful and saved this project despite numerous hurdles that had other banks
saying no way.
Our borrower was self-employed and could not show income on taxes or income statements. We funded it at a Non-Conforming rate, and closed in less than 30 days.
Purchased an OFF-MARKET Multi-Family project, providing Private Capital investors, and closed in 35 days. Then stabilized, and after 12 months, refinanced at 5.92%.
Sold in 60 days, in the holiday season, for $100K above asking price.
Sold for $500,000 above original list price.
$2.1MM cash-out refinance of a mixed use land/industrial property.
Cash-out refinance of used equipment for credit risk profile with tax liens.
Listed on MLS, successfully negotiated multiple offers, and sold for $5K above offer price.
Under contract in less than 3 months.
Refinance 62 unit apartment building, at 20% occupancy, in order to refinance interim loan into 20 year note at 5.50%.
Represented Buyer of commercial condo, and successfully negotiated concession for quick sale.
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Pre-Qualification for loans; Residential, Multi-Family, Industrial, or Commercial!