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04-10-2017, 04:45 PM #1
- Join Date
- Jan 2017
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- 116
Bed&Breakfast 400-500k Bridge Loan.
Scenario:
Bed & Breakfast out of RI. I have appraisal at 3.3M. Current balance 1.4M.
Merchant is getting a refi for 2.1M but needs approx 400k-500k in the interim bridge loan or hard money 2nd for renovations/improvements.
Merchant does not have a commitment letter for her refinance / exit strategy yet. Total CLTV would be under 60%.
Merchant motivated, direct lenders, please.
Thanks.Last edited by CFSCCorp; 04-10-2017 at 05:09 PM.
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