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  1. #1

    Need a commercial refinance loan to be payed back quickly

    I have a client with great credit and assets. She is selling her commercial property and was going to use the proceeds to buy a new property. The sale of the currently owned property is delayed due to the buyer and the close won't happen in time. The property is selling for $420k and she owes $65K - so it's worth about $350k in equity. She needs that amount in order to close on her new property, and then plans to pay back the loan. Willing to work out a deal with a direct lender to get this done. I have all necessary documents. Thanks

  2. #2
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    83% ltv?

  3. #3
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    Why can't she get a loan to finance the purchase of the new property?
    When's the closing for the new one?

  4. #4

  5. #5
    She wanted to pay for it in cash. And the closing was already scheduled. She needs the funds before 11/18 - the closing date.

  6. #6
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    modifiedbusiness, tried calling you back, thanks for letting me help you out. This project is way too rural for me to do anything about it. I can do rural if it was zoned residential, but as you pointed out, it's zoned commercial presently

  7. #7
    Thanks for trying!

  8. #8
    Sorry, I wish I had seen this earlier. For future reference can we can do a personal loan from $10,000 to $400,000 with a 680 credit score. Term is 3,5,7 years with no pre-payment penality.

    Michael Cooper

    michael@2getfunded.com

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