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10-02-2019, 04:40 PM #1Member
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- Join Date
- May 2019
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Real estate backed loan
I have business in SC looking for a refi.
He owns the building and land outright (says worth 2.5MM no appraisal current)
Has a construction loan at 12% with interest only payments of $7,800/month with a balance of 750K. He is looking for 850K to pay off the construction loan and clear some cash flow money.
Any real estate backed lenders here?
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