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KHufford
5054 Posts |
 Posted - 04/01/2008 : 5:27:16 PM
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I know of numerous sources for this loan but being after 5 I cant reach my guys....
Will a typical lender allow a build in for site improvements?
Basically buying it for 480k but it needs 20k in work done and the buyer wants that financed into the deal. Possible?
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fwdcap
178 Posts |
Posted - 04/01/2008 : 5:40:40 PM
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| Then call them in the morning. |
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EMScommercial
4688 Posts |
Posted - 04/01/2008 : 5:44:25 PM
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Kyle.... that's the difference between being hungry for our clients and knowing just punching a time clock like many people.... (nearly 9 pm here right now...).... anyway....
How much is the borrower planning to put down on this purchase? What would be the appraised value of the property right now? DSCR?
BTW... I LOVE your town.... on the desert playing golf at TPC (best scallops around in the restaurant there) - 100 degrees.... and an hour's drive later you can be in the gorgeous mountains and in the freaky town of sedona - 25 degrees cooler... LOVE it.... (no grass to cut there either!) |
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KHufford
5054 Posts |
Posted - 04/01/2008 : 7:01:34 PM
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quote:
Originally posted by EMScommercial
Kyle.... that's the difference between being hungry for our clients and knowing just punching a time clock like many people.... (nearly 9 pm here right now...).... anyway....
How much is the borrower planning to put down on this purchase? What would be the appraised value of the property right now? DSCR?
BTW... I LOVE your town.... on the desert playing golf at TPC (best scallops around in the restaurant there) - 100 degrees.... and an hour's drive later you can be in the gorgeous mountains and in the freaky town of sedona - 25 degrees cooler... LOVE it.... (no grass to cut there either!)
Thanks man...yeah its nice, I need to hit that course soon too.
He can do 20% down I believe, its an office condo warehouse, its only a few years old and completely functional, this client just wants to do some TI's including a bathroom and wants it all done on one loan with the purchase.
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neversaynever
1018 Posts |
Posted - 04/01/2008 : 7:03:29 PM
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| you're a loser........ |
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neversaynever
1018 Posts |
Posted - 04/01/2008 : 7:03:59 PM
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| haaaaaaaa got you back! |
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