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Austin-Tx
28 Posts |
 Posted - 10/10/2008 : 2:23:33 PM
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My client owns several commercial investment properties including a strip center. He is a high net worth individual with low FICOs scores (549 due to some credit card delinquencies). His Tax returns show an attractive positive net cashflow. He wants to refi a retail place for 400k (65% LTV) and needs a better rate than what he currently has (9.75%).
Any help or suggestions out there???
thanks |
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Jdesey
290 Posts |
Posted - 10/10/2008 : 5:09:59 PM
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quote:
Originally posted by Austin-Tx
My client owns several commercial investment properties including a strip center. He is a high net worth individual with low FICOs scores (549 due to some credit card delinquencies). His Tax returns show an attractive positive net cashflow. He wants to refi a retail place for 400k (65% LTV) and needs a better rate than what he currently has (9.75%).
Any help or suggestions out there???
thanks
I have commercial avail at 7%...no due dill fees...no BS
John
805-480-4964 |
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EMScommercial
5138 Posts |
Posted - 10/13/2008 : 08:14:52 AM
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| may be tough beating what he already has.... |
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PinnaclePeters
1101 Posts |
Posted - 10/13/2008 : 08:22:27 AM
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What are the other two scores?
How old are the delinquencies? |
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hcf_ae
55 Posts |
Posted - 10/13/2008 : 08:27:38 AM
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With a score under 600 a good rate will be hard to come by. I have a mortgage only commercial program but the rates on that one start at 11%
Let me know if you want more information and I will send you the submission requirements. |
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