Stated Income Necessary for 40% LTV
This is a mixed-use property in NJ. Owner-occupied business on the first floor. The 2nd and 3rd floor is gutted ready for renovation. Funding will refi existing balloon and fund the second/third-floor renovation. 600K worth 250k current debt.
If you are interested please email support@cfobydesgin.com
Miguel
Stated Income Necessary for 40% LTV
this deal is easy, I could close this in 8 days, but I have a question - does the owner of the shop on the first floor occupy one of the units above? If not does he have a residence close by ? And if he is an occupant of one of those units I couldn't help you.