The Loan Consultants, Inc.
Category
General Information
Locality: Los Angeles, California
Phone: +1 213-802-1215
Address: 1055 Wilshire Blvd, Ste 801 90017 Los Angeles, CA, US
Website: www.LoanConsultants.com
Likes: 317
Reviews
Facebook Blog
To all of our affiliates have a safe and Happy New Years celebration! Also don't forget to sign up with our preferred lender to be able to offer the new PPP program when it is launched in the next couple of weeks. Check in with us if you need more information.
Congratulations To Our Newest Affiliates! Welcome To The Loan Consultants, Inc., & Good Luck With All Your Ventures!
A little bit of everything coming to us this week. A $27mil flagged hotel refi. A $1.36mil commercial construction loan, a $500k commercial purchase and rehab loan, a $350k commercial rehab loan and a $350k SBA working capital request. We had a lender match for all of them.
A very successful 15 year affiliate reached out for the first time in 5 years confident we could help him during this COVID affected market. Referred lenders for a $7.25mil office park construction project and also a $37.5mil hospital refinance. Lifetime support as promised.
Wishing everyone a safe and Happy Thanksgiving! Just because it is a short holiday week doesn't mean there is nothing going on. We had 2 bank quality multifamily refinances of $5miland $6mil and a $150k equipment lease submitted today to our lenders.
One of our affiliates has a $750k PO financing deal being reviewed by two of our funding sources. Also heard from a few of our affiliates who are adding employees because they can't keep up with their volume of business. Businesses need money now more than ever.
Local bank turned down a $650k SBA working capital loan strictly on a low credit score. Now being reviewed by one of our lenders that offers a subprime SBA product.
Our support department is helping an affiliate review and breakdown a puchase order totaling $50mil overall for one of his clients. Two of our funding sources have indicated interest based on the strength of the buyer.
A new week = new deals. $12mil, 98 unit, build to rent. $4mil bridge loan and a $6mil commercial property purchase. All with 1pt fee agreements for the affiliates. Things are heating back up. 2 more of our small balance RE lenders are active again. More options for our affiliates.
$2.12mil cashout bridge loan in front of one of our new lenders. Preliminary review says it's a go. One and a half points to the broker!
One of our long time affiliates,(trained 1997} just released his new book, The Encyclopedia of Commercial Real Estate Advice: How to Add Value When Buying, Selling, Repositioning, Developing, Financing, and Managing by Terry Painter. A great read and a valuable resource. Available on Amazon.
Activity so far this week. A 50k/mo factoring deal, a $325k SBA RE purchase,1 1/2 points to the affiliate. A $7mil USDA B&I loan for a gravel pit purchase & equipment upgrade. A @$8mil business aquisition &company buyout made interesting because one of the companies is in the UK.
East coast affiliate is presenting to one of our funding sources a $1.8mil insurance business aquisition. One point commission.
Getting creative with Covid. Affiliate arranging a $10.4mil bridge loan for a a cash out refinance of a multifamily to buy out a partner and perform minor rehab to qualify for a HUD loan in 18 months. Double dipping on a commission! All parties happy.
Deals all across the spectrum from our affiliates. A $1mil residential blanket loan, a $1.65mil purchase order financing deal and a quality $40mil multifamily construction deal (two of our funding sources showing interest in this one).
Still busy with training new affiliates. Just finished with 3 groups attended a mid week training. Soon to fund, 2 factoring deals, a $1.9mil SBA truck stop. 2 small balance commercial refinances and another SBA deal for the construction of a assisted living facility.
Just closed by one of our CA affiliates, $1.4mil SFR purchase in Utah. One point to the broker. Also a $2.2mil SBA 504 refinance undergoing underwriting with one of our preferred lenders. One point to the broker also.
Deals coming through support today. A $4.6mil Multifamily purchase. 320 acre ag land purchase and a $4.5mil factoring deal. Also sourced 2 new funders.
CLOSED!! $1.49mil cash out refinance of a mixed use building in Brooklyn for Paul L. Submitted, a $600k equipment lease in Miami for Fernando M. Positive results going into the holiday weekend.
Hospitality deals are active. We had affiliates submit two. Both purchases, $2.5mil and $3mil. Both headed to SBA lenders. Commissions will be 1pt+.
Popular Listings
Cameron Mesker Loan Officer
+1 858-348-6134
Loan service, Financial service, Mortgage brokers
Doug Fuller
342 Highland Ave 94611 Piedmont, CA, US
+1 415-290-4374
Estate agent, Property, Estate agents, Mortgage brokers
Preferred Brokers
411 S L St, Ste E 94550 Livermore, CA, US
+1 925-858-9128
Estate agent, Property, Estate agents, Mortgage brokers