Results 1 to 4 of 4
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08-24-2016, 02:13 PM #1
- Join Date
- Apr 2015
- Location
- Florida, First MCA sold in 85/ WS in 76. CFP/RIA, series 3,6,7,8,10,63,Ins218,220.
- Posts
- 554
400K a paper Touring company Georgia wants 5 years. Who? other than SBA.
100k-150K a month consistent, 740 score, 4 years in business wants to buy her business rental property ? Has 70K with EBS and 60K with Can.....
Last edited by John Galt; 08-24-2016 at 03:19 PM.
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08-24-2016, 03:57 PM #2
- Join Date
- Sep 2014
- Posts
- 720
400K a paper Touring company Georgia wants 5 years. Who? other than SBA.
Out of sheer curiosity, how much is this piece of property she is looking at?
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08-25-2016, 08:38 PM #3
I'd love to review this deal with you. Do you have time to speak?
Zachary Ramirez – CEO
Phone: 562-391-7099
Email: zach@zacharyjosephramirez.com
1661 N. Raymond Ave #265
Anaheim CA 92801
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08-26-2016, 07:56 AM #4
- Join Date
- Dec 2014
- Location
- Quogue, NY
- Posts
- 1,108
Is there a down payment?
Does the property appraise?
Will this be full doc, stated, or hard money?
Are they leveraging their business as the down payment source?
There are folks here that help the client and not charge 1.73 factor rate for 18 months on the Real Estate..
At 1.8 per year- if profitable- there are likely multiple paths to leverage the business, and not endanger the client. They need a term loan from a Mid Prime Lender to close in 10 business days.
Whether or not they are disclosing income (depending on the property type and location), there are several programs that will charge clients competitive rates predicated on guarantors FICO scores and appraised value.
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