commercial loan

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Looking for a direct lender for a mixed use property located in Illinois.  Sales price = $390,000.  Borrower wants 80% LTV but has ample liquid funds for 75% LTV.  Property is 100% occupied with comm’l space = church.  Need to close fast!!
A wholesaler in Colorado tried to “let the chips fall where they may” by talking direct to the client; looks like they were trying to steal the deal.  The next day they called and “denied the loan” although for weeks they had a commitment, which was never provided.

need investor

Inexpensive Mortgage Rates For First Time Consumers

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There exist different types of mortgage rates accessible for the customers who shop for the first time. Basically, there are a lot of banks and financial institutions that provide inexpensive mortgage rates. If it’s your first time when you decide to take a mortgage it’s better for you to start searching for the mortgage rates that are the most suitable for your financial standing and meet your needs and preferences. As there are many financial institutions that provide different interest rates on the mortgage, your task is to find the best option for your situation. However, before approach any financial institutions, you should find a brief review of various companies paying attention on their rates. There are a number of facts that you should take into the consideration before you find the most beneficial deal. While looking for the cheap rates on the mortgage, you need to define if the mortgage rate would suit to your situation. You would have to make a fixed payment as a result of which you get stability. Having this kind of stability would mean that you would need to pay higher interest rate. That’s why it is better to avoid this type of mortgage. It would be reasonable to learn more information about the different types of mortgages before applying for any of them. Knowing the information only about the rates won’t help you to obtain the most favourable mortgage for you. It is important to understand the flexibility that you would get if you choose a particular mortgage. Only after that it will be possible for you to get the most favourable and cheapest interest rates. The mortgage rates offered by various banks and financial institutions continue to vary as a result of which you will have to follow the latest rates of these companies. Only after that you will succeed in finding the lowest rates. It will be wise to make a comparison of the existing companies and the rates offered by them to get the best offer. All about fast cash loans  in Dallas you can find on  payday loans with no fax site.

home loan

Need Funding for Triplex 100% Occupied – Alaska

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I am seeking funding for a Triplex in Anchorage, Alaska. The asking price is $270,000. The property is 100% occupied and has a positive cash flow. Seller is moving out of state. Deals such as this are rare in Alaska, so this must be jumped on quickly.
Borrower has low FICO and is self-employed and only has $10,000 to put down. I know someone out there can make this work.

need investor

Ameridream

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A house is worth what someone is willing to pay!  Plain and simple. Also, most homes are sold at 90-94% of the original sales price.  The final agreed upon price is 100K and the orig. price was 106,900.  The house appraises for 106,900.    What’s the difference?  Plus, these lenders that are set up to handle Ameridream and the like, are you trying to tell me that they don’t know what the hell is going on??  Plus, the appraisals are FHA appraisals.  Predatory lending has to do with selling someone a loan that the borrower can’t afford, either thru fraudulantly documenting income they don’t have or giving them a rate that is higher than they should get.  If the borrower qualifies for an FHA loan, where’s the predatory lending happening when you’re giving them a rate that is 3-5% less than they would normally get if they wanted a 100% LTV or CLTV loan, and has a prepayment penalty as opposed to none on FHA, and the sub-prime loan is only fixed for 2 yrs (and usually with a prepay that goes 3 or more yrs with 6 months interest the penalty) where the FHA is a 30 yr fixed???

home loan
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