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  1. #1

    A Little Help *Pretty Please* - Real Estate Asset Based Commercial Loan

    I have a file I am working on that is proving to be a bit difficult. I was hoping that some of you wiser more experienced ladies and gentlemen can help me out. I have a guy that has a truck stop and property worth a $3.5MM and 40K a month income from leasing out. Lenders I've approached do not like the fact that it has so much land on the property beyond the structures. Anyone know any lenders who will take it on... they are looking for 1.75MM.?
    Gigi C. Broughton
    Business Development And Funding Specialist
    Virt-Assist

    P: (313) 433-9760 ext 101 | C: (313) 241-1590
    E: virtassistllc@bitrix24.com

  2. #2
    Senior Member Reputation points: 11375
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    Quote Originally Posted by gigithefundinggoddess View Post
    I have a file I am working on that is proving to be a bit difficult. I was hoping that some of you wiser more experienced ladies and gentlemen can help me out. I have a guy that has a truck stop and property worth a $3.5MM and 40K a month income from leasing out. Lenders I've approached do not like the fact that it has so much land on the property beyond the structures. Anyone know any lenders who will take it on... they are looking for 1.75MM.?
    Do you have a recent appraisal available by any chance? We can usually get these "odd" deals done, but I don't want to waste yours or your client's time with filling out paperwork if we can't. A relatively recent appraisal and estimated credit score should be enough for me to give you an up or down. Feel free to message me.

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