I Need Financing
Have a deal lined up, having a hard time finding financing.
13plex (small commercial loan needed)
GOI- $67,560
NOI- $59,829
(tennants are paying for water, sewer (Landlord gets the bill and tennants pay 1/13th each), their electric, and heating, I believe each unit has baseboard type heating)
Purchase Price 440K
Down Payment 88K (20%)
Down payment is from equity partner (My Dad) who doesnt really want to be on the loan.
Me credit scores are-
Equifax- 652
TransUnion- 672
Experion- dont know
I make around $1000 per month so I cant use my income to prove that I could pay for this.
Anyone want to make 8% on their money amoritized for 40 yrs w/o charging me tons of points? I will consider balloons 5 or more years out.
We need to move on this one.
-Chris
Click on the Lenders tab at the top of the page
Benny
[addsig]
Please contact me I am an easy mortgage consultant and I may be able to help you with some creative financing. I can send you info and a application. Please see my profile and email me.
[ Edited by cpjassocitates on Date 10/30/2003 ]
hi, my name is shauan short and i can help you in your current situation. email me at : **Please See My Profile** and send phone # so I can call you to get you rolling. Have a blessed day! <IMG SRC="images/forum/smilies/icon_wink.gif"> [ Edited by selissa on Date 10/30/2003 ]