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04-09-2019, 02:26 PM #1
- Join Date
- Apr 2014
- Location
- Chicago, IL
- Posts
- 185
Vacant Commercial Building in a Small Town
Lenders Only Please. Do not PM. Please email for full package.
740+ score for borrowers
$135K combined income
PFS shows liquid assets to $125K
Equity in their current home is another $100K
Buying a vacant building for $330K in a small town
Building is in good shape but hasn't had any activity in 4+ years
Wife is a widow who lost her husband and wants to get rid of it.
Trying to get a commercial loan to 25-30 years on this.
Already have a hard money loan offer on the deal with 30% down and a 8% APR and 3 points.
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