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03-21-2016, 01:21 AM #1
Need 2nd pos Hard money for unflagged hotel in Florida
He just refied the 1st thru SBA.
Bank-approved appraised value: $2.2M
1st position is $1.2M
He's looking for $250-300K cash out, bringing him to 66-70% LTV including fees.
FICO is 720+
Net worth approx. $5M.
Can do blanket with additional hotel for slightly more cash out.
I only use this email for filter: solidmerchantsolutions@yahoo.com
or PM me. DIRECT LENDERS preferred, please.
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