Results 1 to 18 of 18
Threaded View
-
01-31-2018, 09:26 AM #1
- Join Date
- Oct 2016
- Posts
- 72
Commercial Property To be Used As Collateral
I have a client who owns a commercial property and bar in Florida free and clear. The property is assessed at $300K by the property appraisers office, but client claims the property will appraise closer to $600K. There is no mortgage on the property. Credit score is in the high 600's. Merchant is looking to pull out @ $175K on the property.
the client is willing to use the property as collateral assuming he can get traditional rates and structure. WBL will not work here.
PM me if you can assist.
Similar Threads
-
funders who use property as collateral
By shieldfunding in forum Deal BinReplies: 7Last Post: 09-27-2017, 06:38 PM -
small commercial property 80k
By ryan1046 in forum Deal BinReplies: 2Last Post: 06-02-2016, 10:10 AM -
Commercial Property Lending
By NCL in forum Business LoansReplies: 5Last Post: 09-21-2015, 09:52 AM -
Commercial Property Lending
By NCL in forum Deal BinReplies: 1Last Post: 06-13-2015, 09:53 AM -
collateral property - looking for 1 million dollars .
By Jstarr in forum Deal BinReplies: 3Last Post: 12-30-2014, 02:45 PM