Tough Refi / Hard Money – Assisted Living Facility 619 FICO | $995K Value | Balloon
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  1. #1

    Tough Refi / Hard Money – Assisted Living Facility 619 FICO | $995K Value | Balloon

    Looking to place a tough file: borrower has a 619 FICO, runs an assisted living facility (TIB 31 years, $35K/mo revenue).
    Property value: $995K (appraisal 9/2024) Located in South Carolina
    Current liens: IRS $70K and City of SC $24K
    Existing loan: $390K balloon due in 60 days

    Borrower looking to refi or go hard money to cover liens and balloon.
    Single owner, steady operation, property cash flows.

    Just gauging interest to see who might have a fit.

  2. #2
    Senior Member Reputation points: 21432
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    I will take a look at this
    www.omegafund.com
    bzuniga@omegafund . com

  3. #3
    Senior Member Reputation points: 10908
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    Quote Originally Posted by ELrob View Post
    Looking to place a tough file: borrower has a 619 FICO, runs an assisted living facility (TIB 31 years, $35K/mo revenue).
    Property value: $995K (appraisal 9/2024) Located in South Carolina
    Current liens: IRS $70K and City of SC $24K
    Existing loan: $390K balloon due in 60 days

    Borrower looking to refi or go hard money to cover liens and balloon.
    Single owner, steady operation, property cash flows.

    Just gauging interest to see who might have a fit.
    Might have a fit for this one.

  4. #4
    I am an alternative financer, and also hard money lender. There’s no deal i cannot do and if we can’t fund it no one else on here is gonna be able to help you, that’s our confidence any deal any situation even out of Real Estate we find ways to fund it. Give me a call let’s chat about the deal. 9547023558

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