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03-18-2017, 07:00 PM #6
does he have his primary residence on the property or just his business ? If its his primary residence there isn't anyone there that could help you, Technically anyone that solicits/ brokers a mortgage for a primary residence should have a mortgage license or could face pretty stiff penalties, we are private lenders and have to conform to tridd and dodd frank laws that prohibit us from doing loans on primary residences especially if its homesteaded , now WBL might offer you something but they're not an asset based lenders - they will ask for bank statements and basically do an mca and using the home as collateral.
Last edited by Jstarr; 03-18-2017 at 07:04 PM.
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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