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jworld
98 Posts |
 Posted - 06/25/2009 : 09:43:39 AM
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| I have a client who owns a entertainment complex worth 1.6 Million as is and after repaired value is 2.1 Million, he needs to refinance and pull cash out up to 65%LTV of the ARV value for rehab and equipment. He has allready put 450,000 of his own cash into the property, clients fico score is 501. |
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AGreene00
3064 Posts |
Posted - 06/25/2009 : 10:24:00 AM
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| So if I understand correctly, you need a $1.365M loan on a property worth $1.6M (85% LTV)? I don't think anyone is going to give you after repaired value, much less with a 501 credit score. |
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champakstmtn
19 Posts |
Posted - 07/04/2009 : 10:18:52 PM
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Please send me an email with more info
Specially business history and revenues for past
12 months ..and expenses..
I can do the deal if numbers work..
I am a Commercial Mortgage Broekr..in Atlanta, Georgia
Thanks
Champak C Shah
RIPA Financial Services, Inc
P. O. Box 870168
Stone Mountain, Georgia 30087
champakstmtn@bellsouth.net
404 488 6137 |
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