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  1. #1
    Senior Member Reputation points: 203054
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    Real estate as collateral needs 350k

    Merchant owns 20acres (his business is located on this property as well) property is is worth a little north of $3,000,000 he owes about $1,400,00 on it. On his current mortgage he is paying 5%. Is looking to pull out about $350k

    Credit is good
    financials in order

  2. #2
    What state is the property located? I may be able to facilitate this deal. Contact me:

    Anthony Largie
    347-455-1519

  3. #3
    Senior Member Reputation points: 203054
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    its in Florida

  4. #4
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    What type of property is this? I could help out with a cash out refinance, with no income verification. Feel free to contact me at (215) 619-2543 or sbuchholz@velocitymortgage.com. Scott Buchholz
    Scott Buchholz
    Account Executive
    Velocity Mortgage Capital
    215.619.2543 Direct
    sbuchholz@velocitymortgage.com

  5. #5
    Senior Member Reputation points: 34509 Jstarr's Avatar
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    ...
    Last edited by Jstarr; 03-18-2017 at 07:01 PM.
    Jerry Starr
    Insource Funding
    433 Plaza Real, Ste 275 Boca Raton, Fl 33432
    P: 800-805-3391 Fx: 561-270-6895
    Jerry@insourcefunding.net | insourcefunding.net

    WHAT WOULD YOU DO " IF " YOU HAD THE CAPITAL

  6. #6
    Senior Member Reputation points: 34509 Jstarr's Avatar
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    does he have his primary residence on the property or just his business ? If its his primary residence there isn't anyone there that could help you, Technically anyone that solicits/ brokers a mortgage for a primary residence should have a mortgage license or could face pretty stiff penalties, we are private lenders and have to conform to tridd and dodd frank laws that prohibit us from doing loans on primary residences especially if its homesteaded , now WBL might offer you something but they're not an asset based lenders - they will ask for bank statements and basically do an mca and using the home as collateral.
    Last edited by Jstarr; 03-18-2017 at 07:04 PM.
    Jerry Starr
    Insource Funding
    433 Plaza Real, Ste 275 Boca Raton, Fl 33432
    P: 800-805-3391 Fx: 561-270-6895
    Jerry@insourcefunding.net | insourcefunding.net

    WHAT WOULD YOU DO " IF " YOU HAD THE CAPITAL

  7. #7
    Sachip24, is this deal still floating? Late to the party, but I'm in Florida as well. Contact me to discuss in detail.
    Last edited by CritonCapital; 05-07-2017 at 01:44 PM.

  8. #8
    Senior Member Reputation points: 81655
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    Quote Originally Posted by Sachip24 View Post
    Merchant owns 20acres (his business is located on this property as well) property is is worth a little north of $3,000,000 he owes about $1,400,00 on it. On his current mortgage he is paying 5%. Is looking to pull out about $350k

    Credit is good
    financials in order
    Commercial or Residential Property?
    Dave Lambert, Business Development
    dave@fcbankcard.com
    Merchant Services Consultant
    High Risk Merchant Payment Solutions
    SBA 7(a) Loans & Short-Term Funding
    T/VM: 727-291-7890
    Office: 727-233-1111
    Skype: fc-financial

  9. #9
    Call Lorraine at 765.517.0975.

    Lorraine McNair - COO
    MoveAhead Financial
    2114 E Blvd
    Kokomo, IN 46952
    lorraine@moveaheadfin.com
    www.moveaheadfin.com
    765.517.0975

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