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.