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05-18-2015, 12:52 AM #1
Tough Deal or No Deal? Need 3rd position Commercial loan
I have a client with a commercial property worth $850K.
1st mortgage is 300K.
2nd lien is SBA but no amount; lien position only secures in case of default.
3rd lien----------> You, if you're crazy enough to do these types of deals!
I have no idea what type of financing fits this type of scenario or who takes that risk (if anyone!). However, I wouldn't put it past the industry that there be such a lender that does this on a regular or occasional basis.
Even if you are a broker who is familiar with this type of scenario and can get it done, please PM me asap or email me: solidmerchantsolutions@yahoo.com
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