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.