1.1 million value with appraisal
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  1. 03-14-2019, 02:23 PM #1
    showtime73
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    1.1 million value with appraisal

    Merchant owes 550k on it but have appraisal and proof of value on propert.

    Credit is roughly 550 / Looking for a second or Buyout on 1st -

    Email me anytime deals@fbcfundinggroup.com
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  2. 03-14-2019, 02:29 PM #2
    Davincinc
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    hardmoney loan on it already?

    or standard mortgage?
    Steven Jones
    www.davincinc.com
    Steven@davincinc.com
    PH: 210-290-4102
    "We can beat your offer!"
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  3. 03-15-2019, 03:52 PM #3
    showtime73
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    Hard Money loan on it already .
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  4. 03-15-2019, 04:15 PM #4
    showtime73
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    Quote Originally Posted by Davincinc View Post
    hardmoney loan on it already?

    or standard mortgage?
    yes hard money loan on it , owes 550k very nice location its massive .
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  5. 03-14-2019, 03:16 PM #5
    rdgllc
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    Quote Originally Posted by showtime73 View Post
    Merchant owes 550k on it but have appraisal and proof of value on propert.

    Credit is roughly 550 / Looking for a second or Buyout on 1st -

    Email me anytime deals@fbcfundinggroup.com
    What is the property type? When did he acquire it?
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  6. 03-15-2019, 04:15 PM #6
    showtime73
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    Quote Originally Posted by rdgllc View Post
    What is the property type? When did he acquire it?
    Care home business , 2016 it was purchased
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  7. 03-14-2019, 05:36 PM #7
    Jstarr
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    I see these all the time, most of the time someone bought a municipal building for pennies on the dollar, they get a tenant, and got an appraisal based on " Future Stabilized Value", then they try to convince the lender of the value since that's what the appraisal said it was worth.

    Most brokers don't realize that you need to produce trailing 12 to help reinforce value.
    Last edited by Jstarr; 03-16-2019 at 08:38 AM.
    Jerry Starr
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  8. 03-21-2019, 02:16 PM #8
    showtime73
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    Any ideas guys ?
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  9. 03-21-2019, 02:24 PM #9
    rdgllc
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    Quote Originally Posted by showtime73 View Post
    Any ideas guys ?
    Sent you a PM.
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  10. 03-21-2019, 03:54 PM #10
    showtime73
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    Quote Originally Posted by rdgllc View Post
    Sent you a PM.

    Call me to discuss 559-572-1288
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  11. 04-09-2019, 02:44 PM #11
    DavidM
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    Contact me and I'll send over an agreement to you, we're specializing in ABL products and if you can have the full financials sent over to me today and we can look into a ABL for this client,
    David Sica
    ISO Relationship Manager
    AllFi Solutions, Inc
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    Direct 347.831.4336
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