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12-23-2019, 10:07 AM #3
Reputation points: 86605
- Join Date
- Mar 2014
- Location
- Florida
- Posts
- 2,995
Issue: Current loan is now due for $800,000 balloon, & that lender needs to be taken out before January 3rd (he won't extend).
Current property value $1.3 million (appraisal can be made available upon request)
Renovation budget $750,000.
I work work with a hard money lender that may be interested, but, I don't see a deal closing by December 31, 2019 with essentially 3 days this week and 2 next week . How current is the appraisal?
I also represent a mortgage company that funds ARV, but, again same situation, not much time to underwrite and close a deal.
Call me to discuss
Dave Lambert, Business Development
dave@fcbankcard.com
Merchant Services Consultant
High Risk Merchant Payment Solutions
SBA 7(a) Loans & Short-Term Funding
Office: 727-233-1111
Skype: fc-financial
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