$450,000 Commercial Notes Deal…Discounted
Sometimes people don’t have 30 days.This guy was going to lose the property if he did not close by Wednesday. The lender was calling the note and offered a deep discount if he would pay it offby a certain date-otherwise, they would execute the foreclosure. He signed our agreement on Monday. We ordered a quick review appraisal on the spot and had the file closed the following Wednesday-in just 8 business days through our private money fund.
This fund will look at any type of property as long as the deal makes sense. It must be RE based, and we go to 65% LTV on loan amounts below $1 Million but we can close lightning quick. On $1Million+ loan amount deals the loan to values are higher for a purchase up to 80% ltv and on a refinance up to 90%+ loan to value on a discounted note.
This borrower got $500,000 off on his note by closing on time and saved his property to boot!
We Close More Commercial Notes that are Discounted than Anyone. We can Close Your Deal in Days. Give me a call today to get your loan closed at 866-400-8630 or 512-650-8630.
Wishing you the Best,
Web Site: http://bizloansconnections.com/