No one can close so quickly, and also provide long term fixed rate financing. That is why we created our direct private lending division. We are the solution when you need a fast closing where the property is located in a less than desirable neighborhood. Being a broker is not enough.<\/p>\n LichtensteinRE®™<\/strong> uses its own capital to finance “unconventional” & unique opportunities that “fall through the cracks” of institutional sources.<\/p>\n LichtensteinRE®™<\/strong> successfully closed a deal for desperate owner of a Harlem, New York City property who had been paying 18% interest. The mortgage on her apartment building was coming due, and her private lender threatened to foreclose upon maturity of the balloon mortgage.<\/p>\n The property had 90 non-safety violations, and although she corrected them, city agencies never come to inspect or remove them. She and her husband had excellent credit; nonetheless, these minority owners had been rejected for financing by numerous sources.<\/p>\n LichtensteinRE®™<\/strong> met the challenge, by funding this mortgage directly. Now this property owner enjoys stable, long term 30 year fixed rate, self-liquidating financing without any balloon risk. They have come back to LichtensteinRE®™<\/strong> and borrowed on numerous occasions, including one time that LichtensteinRE®™<\/strong> arranged the sale of one of our other client’s building to them and provided their acquisition financing as well. \n<\/p>\n A minority owner of a Mount Vernon, New York property, enjoyed long term ownership and positive cash flow but had previously been denied refinancing to tap into the equity of his property.<\/p>\n LichtensteinRE®™<\/strong> reviewed the historical income and expenses of the building’s tax returns, as well as the good credit of the owner, and determined that permanent financing would benefit the principal. <\/span><\/p>\n Additionally, the owner recognized that “cash out” is a “dirty word” to most banks; without LichtensteinRE®™<\/strong>‘s commitment, he might not otherwise have been able to use his property’s large equity. The time was right to use the $200,000 of surplus financing to buy another property that he previously could not acquire.<\/p>\n This deal was made through a broker that called LichtensteinRE. As direct lender or as financier,<\/p>\n LichtensteinRE®™<\/strong> protects and pays referral fees at closing to licensed real estate brokers and attorneys.<\/p>\n An owner of many Manhattan investment properties wanted to finance the acquisition of an East Village, Manhattan apartment building. This buyer had been negotiating for several years and he would enjoy a below market price, only if he could close quickly. <\/p>\n The organized purchaser completed our application, and requested a “conditional commitment” to show the seller. The commitment was issued and the professional reports were ordered the same day. We closed the mortgage in only 7 days from receipt of completed application and documentation. <\/p>\n The investor enjoyed a price reduction for closing so quickly. <\/p>\n A bank’s appraisal turns out to be disappointingly low far below what would have been necessary and the buyer did not have enough cash to complete the purchase of the property. LichtensteinRE®™<\/strong> spoke with the bank which ordered a revised appraisal. The transaction was saved.<\/p>\n","protected":false},"excerpt":{"rendered":" Expert Problem Solver – This LichtensteinRE still makes house calls! No one can close so quickly, and also provide long term fixed rate financing. Until…<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"page-templates\/full-width.php","meta":[],"_links":{"self":[{"href":"http:\/\/dev.lichtensteinre.com\/wp-json\/wp\/v2\/pages\/103"}],"collection":[{"href":"http:\/\/dev.lichtensteinre.com\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"http:\/\/dev.lichtensteinre.com\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"http:\/\/dev.lichtensteinre.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/dev.lichtensteinre.com\/wp-json\/wp\/v2\/comments?post=103"}],"version-history":[{"count":13,"href":"http:\/\/dev.lichtensteinre.com\/wp-json\/wp\/v2\/pages\/103\/revisions"}],"predecessor-version":[{"id":890,"href":"http:\/\/dev.lichtensteinre.com\/wp-json\/wp\/v2\/pages\/103\/revisions\/890"}],"wp:attachment":[{"href":"http:\/\/dev.lichtensteinre.com\/wp-json\/wp\/v2\/media?parent=103"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}LichtensteinRE®™ has stopped foreclosures<\/h2>\n
LichtensteinRE®™ provides cash-out<\/h2>\n
LichtensteinRE®™ closed so quickly the buyer got a discount<\/h2>\n
When the going gets tough, LichtensteinRE®™ gets you to the closing tabe<\/h2>\n<\/div>\n