[Olderguy]

Funds need to pay off multiple MCA loans, for equipment and upgrades to the bar/inn.

I have the leases.

I have revised and summarized the attached loan applications:

16901 A B East Warren Place
Value: $370,000
Loan amount at 65% LTV: $240,000
Less liens:
$73,000
$40,000
cash out: $127,000
1st of $73K
2nd of $40K


2277 South Buckley #102
Value: $195,000
65% LTV: $127,000
Less liens:
$77,200
cash out: $50,000
1st of $72,200


1514 B South Ouray Cir
Value: $270,000
65% LTV: $175,000
cash out $175,000
no liens

1545 B South Ouray Cir
Value: $275,000
65% lTV: $178,750
less liens: $38,200
cash out: $139,750
$38,000 lien


Total cash out is
$528,500

"I can now go to 65% LTV with scores 600-649. As long as mortgage is 0x30 past 12 months."

This may be an issue

Program below -
CO Refi
Condo/1-4
65% LTV
11.49% Interest Only
10/20 - fixed for 10yrs then 20 yr Full Am
2% Origination Fee, 3% broker fee which we plit
Prepay - 1yr@5% with 1 pt buydown or 5yr Prepay 5/4/3/2/1 with no fee
Appraisal to be ordered by


reach out if you need help.