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pbaskett
44 Posts |
 Posted - 06/09/2008 : 4:14:17 PM
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| Borrower needs a take-out loan for a 12 plex. Borrowers are strong with good financial s and credit. They've just strated marketing the 12 plex to renters so there is no rent roll. Property is located in Utah. Construction was complete 30 days ago. |
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Polly
258 Posts |
Posted - 06/09/2008 : 4:30:59 PM
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Call Steve Nipkow at Sentry Capital
1-925-735-6141 He has a commercial division
in Utah. Good guy to work with. |
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gman1958
294 Posts |
Posted - 06/09/2008 : 7:04:16 PM
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Phil,
this is going to be tough with no tenants presently unless, he can show 6 months reserves. I assume you are looking to go full doc. need to know borowers fico score, loan amount, ltv etc.
Please contact em to discuss the scenario.
thanks
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Matt W.
1932 Posts |
Posted - 06/09/2008 : 7:55:54 PM
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I can take this stated and use market rents for comps and to calculate a DSCR. Call or email with credit score, loan amount and ltv.
Thanks, |
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