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06-04-2019, 02:26 PM #1
Reputation points: 19
- Join Date
- May 2019
- Posts
- 19
Real estate lender on non income producing property?
I have a merchant who is seeking funding on a non income producing mixed use property. He has 2 store fronts and 6 apartments. It has been vacant for 2-3 years. 175k appraisal (before 50k worth of work). Owes 23k currently and is seeking 100-150k to finish remodeling. Any suggestions?
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06-04-2019, 02:32 PM #2
Reputation points: 84417
- Join Date
- Mar 2014
- Location
- Florida
- Posts
- 2,952
Dave Lambert, Business Development
dave@fcbankcard.com
Merchant Services Consultant
High Risk Merchant Payment Solutions
SBA 7(a) Loans & Short-Term Funding
T/VM: 727-291-7890
Office: 727-233-1111
Skype: fc-financial
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06-04-2019, 02:37 PM #3
Reputation points: 16709
- Join Date
- Jul 2014
- Location
- Jackson Hole Wy
- Posts
- 727
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06-06-2019, 09:17 AM #4
Reputation points: 10
- Join Date
- Jun 2018
- Posts
- 55
Those all sound like reasonable numbers for WBL give me a call or shoot me an email.
David Fite
Account Executive
World Business Lenders
Direct: (212) 328-8336
Email: dfite@wbl.com
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