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10-02-2020, 05:25 PM #1
- Join Date
- Jun 2020
- Posts
- 56
Experienced rehabber looking to refinance 3-plex and 4-plex in FL
I have a client in Jacksonville, FL looking to refinance out of two hard money loans on a 3-plex and a 4-plex. He is VERY experienced and does incredible work on his projects. He owes $180,000, looking for $200,000, combined value of $410,000. He used his own money for the rehabs and maxed out his cards, which dropped his FICO down to 631. That presents a problem for getting a decent rate with the typical lender. He needs to have a rate in the 7% range or better. He will have his score back up within 2 - 3 months. The units are 100% leased. He will also be a repeat customer.
Tom Harrier
Integrity Commercial Loans, LLC
407-928-8542
broker@tomharrier.net
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