[CFSCCorp]

Anyone here private money or hard money direct lender can touch this? (i've got multiple brokers on this one already)

Appraised: 8,600,00.00

Loan amount needed: 65% ltv 5,590,000 down to 60% ltv: 5,160,000

State: FL

Mortgage History: possibly a few months behind on mortgage--but not yet confirmed.



Please advise.

[NickHubbard]

I seen something similar to this structure floating around awhile back. And nobody wanted to touch it. Is it Miami's King of Diamonds? If so, you might wanna check the article.

http://www.miaminewtimes.com/news/ki...losure-9605357

[Karen37a]

I saw that deal too ....and if its another strip club the owner"s were arrested for mortgage fraud in the past...never paid restitution, another one has a huge REIT behind them and they are never going to pay you...

and you are never ever ever going to mess with them after someone knocks on your door

[DiamondBL]

What are the terms of their current loan? Do they have a pre-pay?