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getthefaxes
247 Posts |
 Posted - 08/28/2008 : 09:31:21 AM
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The home is used a business and is zoned mixed use. The clients have great credit and can go full doc. The home appraised for 200K and then own it free and clear and need to pull out $150K or so. The home is in Ft Lauderdale. I have a full package. I shopped it Silver Hill and the rate of 8.5% was not to there liking. They will do a deal if I can get a par rate at 7.5%. Please let me know if you know of commercial lender to run it through.
Thanks,
David |
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PinnaclePeters
1125 Posts |
Posted - 08/28/2008 : 09:33:38 AM
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Do they live in the building?
What type business do they operate out of this building? |
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ComLender
1266 Posts |
Posted - 08/28/2008 : 09:50:48 AM
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| Find a local bank, that's too small of a loan for 95% of commercial lenders. |
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