I have a long term client, has a mixed use building he owes $1.7 mill on and it was valued at $4.5mill in 2019.
Looking for a LOC or something to take some funds out.
He is currently paying 4.5% with his local bank.
Any suggestions?
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I have a long term client, has a mixed use building he owes $1.7 mill on and it was valued at $4.5mill in 2019.
Looking for a LOC or something to take some funds out.
He is currently paying 4.5% with his local bank.
Any suggestions?
Where is building located?
Dan Page just dropped a LOC program for commercial property (7.5%-9%, must draw atleast 50% upfront). He's the man. Boulder Equity. You've been around; I'm sure you have his number - but if not, PM me!
Dan's product is "structured" and first position only
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