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11-01-2018, 05:19 PM #1
- Join Date
- Oct 2015
- Posts
- 37
Cash out refi
Cash-Out Refi requested:
Commercial Property
Value 250k approx
Equity 170k approx
monthly mortgage payment: $1,050 (including taxes)
Auto Repair business. This is his primary business location
Rural, New Hampshire
Credit 680
Can anyone do this?
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11-01-2018, 06:39 PM #2
- Join Date
- Jul 2014
- Location
- Jackson Hole Wy
- Posts
- 727
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11-01-2018, 10:53 PM #3
- Join Date
- Jun 2016
- Location
- Tampa, FL
- Posts
- 180
You'll land at 70% LTV (possibly 75%) with interest rates more than likely in the mid to high 8s possibly 9s due to credit, location, and property type; can be as short at 3 or 8 years to as long as 25 years (assuming the client wants a permanent structure). Feel free to message me to discuss more if you're interested.
Last edited by rdgllc; 11-01-2018 at 10:56 PM.
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