Quote Originally Posted by Yankeeman07 View Post
2 Quick Questions:- Can we assume he went to his bank and was declined?
Business Owner understand he will be @ 4.5% - and if so - what rate is he willing to pay?

**Hard Money will be 9% + as a 2nd mortgage
No, he has not gone to his bank. And yes I explained hard money would start at 8%. I know most hard money lenders will not take 2nd position, that is what i was entertaining the heloc.