commloans
140 Posts |
 Posted - 10/11/2008 : 11:20:56 PM
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I have an income producing construction project in Milbury, Ohio. Borrower does not have good credit but is worth over $10 million, go figure. Can verify high income on paper. Commercial Hard Money loan because of his credit score. Loan amount is $2 million. Completed value should come in at about $3 million, possibly a bit more. Borrower has put $200,000 into project so far. He is willing to put up another $250,000 to get this done. He will occupy half of the building with one of his companies (HVAC) and will lease out the other half.
No offense to Brokers, I am one myself, but please be a direct Hard Money Lender.
Thanks. |
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