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10-25-2018, 12:37 PM #2
Thats a tough one, not that it's in PR, it's because of the asset type - normally any financing on a gas station will require an environmental( phase 1 and possible 2) especially after a a storm, they could possible have leakage -and this could get very expensive, and lender like myself dont like taking that type of risk.
We've had money tied up in escrow for long periods of time until a clean up was complete... no fun.Jerry Starr
Insource Funding
433 Plaza Real,
Boca Raton, Fl 33432
P: 800-805-3391 Fx: 561-270-6895
insourcefunding.net
WHAT WOULD YOU DO " IF " YOU HAD THE CAPITAL
◆ 50% LTV - No Fico Required
◆ 90% CLTV on Purchases
◆ Investment Residential / Commercial Properties
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