Loan Officers who have case scenario questions about commercial loans through Lending Network, LLC, please post them on this thread and either Nelson Thompson or myself will answer them as soon as possible. Please be detailed in your questions regarding the property, such as the type of property, location, history, and other pertinent facts. Share the purpose of the loan, the current value or P and L, the repairs required, the loan amount, the scope of work, and projected P and L. Besides the purpose of the loan, explain in detail what the money will be used for, and the projected proforma P and L after the renovation or improvements. Explain the current value of the house, the renovation costs, the after improved value, and expected time to stabilize the property. The down payment the borrower has to put down, reserves, and experience of the guarantor or guarantors. If we decided this will be a loan that has merits, the next step will be to have the client complete and personal financial statement and summary sheet to us via email. If you have any questions, please post on this thread or start a new thread. We will start all inquires, case scenario, Q and As on this forum.

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• This discussion was modified 1 year, 7 months ago by  Sapna Sharma.
• This discussion was modified 2 months, 2 weeks ago by  Gustan Cho.

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COMMERCIAL LOANS, COMMERCIAL REAL ESTATE

DIANNE BURNETT CASE SCENARIO QUESTION FROM TAYLOR GILMORE ON DSCR LOAN

Hi Gustan,

Could you do the deal below?

commercial
refinance
in LA
on Westin
currently occupied to child care center
government program
DSCR is 1.49
building appraised for $1.2mn
$500k loan currently on property
mortgage she’s paying is $3500
income from child care center is $5400
good DSCR

Best regards,
Taylor Gilmore

• This discussion was modified 1 year, 7 months ago by  Gustan Cho.
• This discussion was modified 1 year, 7 months ago by  Gustan Cho.
• This discussion was modified 1 year, 7 months ago by  Sapna Sharma.
• This discussion was modified 2 months, 3 weeks ago by  Sapna Sharma.