Loan scenario: GA, $2.6ML, 700's, 70% LTV, Purchase, full, OO
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by TIMSUB December 14, 2012 11:07 PM
What is the purchase price and how much can you put down? No doubt you know that lenders aren't going to base the LTV off the appraised value. Is this going to be owner occupied?
by TheMaineEvent December 14, 2012 11:26 PM
You mention that a lender recently ordered the appraisal. What happened to that lender? If you know what information is critical to get real interest from a real lender, then you should really provide that. If you are unclear, then contact somebody like TheMaineEvent and talk your deal over with him. It won't cost you anything to find out if the deal is real or not. By the way, you asked people to get in touch with you.....but provided no contact information. Bowling centers are difficult, but not impossible to get done. You just need to get it structured correctly and in front of the right lender.
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by zenith December 15, 2012 5:11 AM
I'd get with the seller and broker a rent to own deal. It will be much easier to finance if your borrower has a history of running this business turning a reasonable profit.
by Power Pig December 15, 2012 9:13 AM
I hope you realize that everyone who posted an email in this post is a fake lender. They're all over this board searching for deals such as yours.
You'd be best served by answering the questions that were asked so those of us who are real can determine if we can help you or not.
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by richardloan December 15, 2012 12:59 PM
I would like to look at the deal further to see what can be done if interested contact me at the below.
by Miracleloans December 15, 2012 10:46 PM
I have lenders with no upfront fees but would have to know more information about your project. Contact me at email@example.com
by retired16 December 17, 2012 8:40 AM
Hi, we can help provide you 100% financing at the lowest rates. We're the only one's offering 100% financing. Everyone else wants 10 to 20% down.
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by debbie112561 February 4, 2013 1:44 PM
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by motion24 February 9, 2013 11:48 AM
Has your project funded for the Bowling Center? Have you talked to anyone about an SBLC to fund this project short term? If you like please contact Jason and Greg at 216-939-5285 or firstname.lastname@example.org
by BizLoans July 3, 2013 4:23 PM