Results 1 to 7 of 7
-
05-16-2017, 01:52 PM #1
- Join Date
- Mar 2015
- Posts
- 62
Equity Cash Out Option Commercial Property 1.5MM of equity?
Anybody touch this sort of thing? Missouri is the location, last appraisal at 2MM, owes 470k looking to use funds to clean up some debt and get out of daily cash advances.
Credit is weak.
Inbox or post here if you have any ideas. I appreciate it!
-
05-16-2017, 05:31 PM #2
Skytop, this is a perfect WBL deal.
Do you have some time to speak about this?Zachary Ramirez – CEO
Phone: 562-391-7099
Email: zach@zacharyjosephramirez.com
1661 N. Raymond Ave #265
Anaheim CA 92801
-
05-17-2017, 09:55 AM #3
- Join Date
- Feb 2017
- Location
- Fort Washington, PA
- Posts
- 37
I could help you out with this with long term financing, if the property is valued currently at $2m, we could do a cash out refinance at 70% which would provide the client with $1.4m granted his mid score is over 650. Give me Scott a call at 215-619-2543 or email me the details at sbuchholz@velocitymortgage.com and I'll go over the details with you.
Scott Buchholz
Account Executive
Velocity Mortgage Capital
215.619.2543 Direct
sbuchholz@velocitymortgage.com
-
05-18-2017, 10:30 PM #4
- Join Date
- Apr 2014
- Posts
- 781
Pm sent
-
05-19-2017, 08:03 AM #5
- Join Date
- Dec 2014
- Location
- Quogue, NY
- Posts
- 1,108
-
05-19-2017, 01:57 PM #6
- Join Date
- Feb 2017
- Location
- Fort Washington, PA
- Posts
- 37
Thanks for the mention RichardGerard. Yes, on a Commercial property with lower than 620 scores, there's not much we can do. However, on Investment properties 1-4, including sfr's and condo's we have a program for refinance with no minimum credit score. Just keep in mind that while we offer mortgages, any mortgage lates can kill the deal with us. Contact me directly for details Scott, sbuchholz@velocitymortgage.com or 215-619-2543.
Scott Buchholz
Account Executive
Velocity Mortgage Capital
215.619.2543 Direct
sbuchholz@velocitymortgage.com
-
05-23-2017, 08:51 PM #7
I'll offer 9% with interest only payments & no PPP - or you could go with WBL and your client will be in the same position they are now paying Factoring Rates...
Last edited by Jstarr; 05-23-2017 at 10:31 PM.
Similar Threads
-
Merchant Cash Group's Fast Funding Equity Program???
By Sean Cash in forum PromotionsReplies: 15Last Post: 04-09-2018, 05:07 PM -
Need 60k Hard Equity or Bridge?
By CFSCCorp in forum Deal BinReplies: 5Last Post: 03-30-2017, 09:37 AM -
Collateral Equity $1.7MM
By nass15 in forum Deal BinReplies: 3Last Post: 11-16-2016, 04:42 PM -
Cardinal Equity gets the job done AGAIN
By Samanz in forum Merchant Cash AdvanceReplies: 6Last Post: 12-16-2015, 05:46 PM