[Skytop]

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!

[Zach]

Skytop, this is a perfect WBL deal.

Do you have some time to speak about this?

[SBuchholz]

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.

[golf2014]

Pm sent

[RichardGerard]

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.

We have done deals with the folks at Velocity.. They're good at what they do. In this instance however the low credit will preclude the client from their program.. Check out: scotsmanguide.com..

That site is a board- similar to this- for Real Estate funding

[SBuchholz]

We have done deals with the folks at Velocity.. They're good at what they do. In this instance however the low credit will preclude the client from their program.. Check out: scotsmanguide.com..

That site is a board- similar to this- for Real Estate funding

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.

[Jstarr]

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...