Results 1 to 4 of 4
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11-12-2018, 02:41 PM #1
Refinance | 2 units in maine
LOOKING TO REFINANCE
"AS IS" APPRAISED FOR 869K, (WILL HAVE IT BACK AT 1.1MM SHORTLY.)
CURRENTLY OWES AROUND 490K TO FRANKLINS SAVINGS BANK, AS WELL AS A COUPLE OF SMALL MCAS.
THE CLIENT IS WILLING TO PAY EVERYTHING OFF!!
Village & Washroom / Apartment rooms doing around 50k a month (Two business' separate EIN)
CREDIT: 677 THE LOWEST
Zoning: Residential I (Which allows for both residential and limited commercial ventures.)
Location: Maine
Units: 2
Dimensions: 2,400 S.F. overall, with the second level improved residential 4+ room apartment consisting of 1,200 S.F. There is a garage as well that consists of 1,200 S.F.Last edited by Dean Yadid; 11-12-2018 at 02:53 PM.
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11-13-2018, 02:32 PM #2
- Join Date
- Jun 2016
- Location
- Tampa, FL
- Posts
- 180
You’d be looking at 75-80% LTV depending on borrower experience at 5-8% on a rate/term program; 3-4 weeks closing time. The small MCAs more than likely won’t matter for this transaction. Happy to assist. Feel free to message me.
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11-14-2018, 04:00 PM #3
Is this owner occupied? if not our rates would be around 7% and 10 days or less on the closing - If i receive good comps on re only, we would only order a BPO ( 1 day turn around)
Jerry Starr
Insource Funding
433 Plaza Real,
Boca Raton, Fl 33432
P: 800-805-3391 Fx: 561-270-6895
insourcefunding.net
WHAT WOULD YOU DO " IF " YOU HAD THE CAPITAL
◆ 50% LTV - No Fico Required
◆ 90% CLTV on Purchases
◆ Investment Residential / Commercial Properties
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11-15-2018, 02:21 PM #4
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