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MCsellsRE
2 Posts |
 Posted - 05/05/2008 : 1:13:05 PM
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Loan of $2.2 for a 2 unit project in Ca. |
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smithami
169 Posts |
Posted - 05/05/2008 : 1:19:11 PM
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quote:
Originally posted by MCsellsRE
Loan of $2.2 for a 2 unit project in Ca.
600 residential stated, it's not going to work.
"any other opinions please let me know who can" |
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ehong
145 Posts |
Posted - 05/05/2008 : 1:20:09 PM
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What's the DTI?
Is the loan to complete construction? If so, why did they run out of money?
Property value after completion?
How much till its complete?
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privatecash
1429 Posts |
Posted - 05/05/2008 : 1:29:38 PM
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| Can they provide checking statements that show cash flow? If it's in CA, we have a source. |
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MCsellsRE
2 Posts |
Posted - 05/05/2008 : 1:55:02 PM
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This is a New purchase combined with New construction. Appraisal July last year was at $3.5, so i'm estimating $3 mil to be safe. To complete the whole project including land Purchase is est. $2.2. DTI Which can be verified by checking statements could be as high as 45% or as low as 20% dep on what the lender accepts as income.
quote:
Originally posted by MCsellsRE
Loan of $2.2 for a 2 unit project in Ca.
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gcaron05
188 Posts |
Posted - 05/06/2008 : 3:25:09 PM
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quote:
Originally posted by MCsellsRE
Loan of $2.2 for a 2 unit project in Ca.
We may be able to help, contact me. |
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reroser19
95 Posts |
Posted - 05/06/2008 : 9:49:41 PM
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| Feel free to contact me to discuss further |
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