Diner and car wash got approved for an LTV of 55% 990K but merchant owes 1.2 million on the properties so weren't able to get a commercial loan. The properties are valued at 1.8 million. (we have appraisal)

As for merchant, credit is really bad (sub 500) and has delinquencies.

As for cash flow, diner did 337k in 2014 tax return for gross sales. Has 3 positions out totaling ~23000. 36k/mo in gross, 2 NSFs in January but 0 in the last few months prior.

Just looking for any solution that's out there, thanks!