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EMScommercial
5141 Posts |
 Posted - 07/17/2008 : 07:17:03 AM
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Just thought I'd state the obvious....
We have worked on so many HAIRY bad loans that I would just enjoy a few...
EASY commercial loans....
say....
a 25 unit apartment complex...
dscr 1.5....
owner has 15 years of experience....
100% occupied....
with all needed docs....
rent rolls
taxes
750+ credit report
pfs and cfs's
leases
in a stable city
and he understands that it will cost a few bucks to get his loan done....
ohh... and he gets you what you need when you need it - not waiting weeks or even months!
i know... i'm dreaming!
either way... have a good day! |
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Miller192
187 Posts |
Posted - 07/17/2008 : 07:28:05 AM
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You too huh?
I'm running into a lot of folks who don't seem to understand the fact that using their business as a tax shelter can hurt them them when it comes to financing.
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EMScommercial
5141 Posts |
Posted - 07/17/2008 : 09:22:21 AM
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i agree chris....
come on people... i know some of you HAVE to have something goofy to say about this one! |
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Dharma
105 Posts |
Posted - 07/17/2008 : 09:56:40 AM
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1)Most people who contact me for a hard money loan are upside down on their mortgage, about to go into foreclosure, think I can do a 125% LTV loan. They also think they will refi in 12 months into a conventional loan when their score is now 400 and they are 10 months late on their mortgage.
2)Or the guy who wants to buy and flip a fixer upper ,no money down, no credit check,no doc, beause he just paid $3000 to an internet scammer who told him it is done all day long and tells me I dont know what I am doing because I tell him it can't be done. |
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EMScommercial
5141 Posts |
Posted - 07/17/2008 : 11:07:53 AM
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oh well.... guess this wasn't as funny as i hoped it to be...
good points dharma.... |
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