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06-04-2019, 02:26 PM #1
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- Join Date
- May 2019
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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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