Loan scenario: NY, $2,300,000, 650, 65% LTV, Refinance, full, OO
Property type: COM
Loan purpose: Refinance
I have a young lady in New York in need of the refinancing of 2 properties and one is being redeveloped for quick sell. There is a lien on one property of $500,000. INvestors are welcome. Looking to close on this loan as quickly as possible.
Richard- El Bey
by rjthegr8 August 13, 2012 2:52 PM
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by funds2lend August 14, 2012 6:48 PM
The property is a mixed use property. It has an existing loan on the property that is undeveloped and appraised in April 2012 at $2.3 million without improvements.
Loan is currently in default. The owners are looking to have a new loan put in place to free up all the other real estate being used as collateral. Have several other properties.
Richard- El Bey
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by paulbrowninvestment January 7, 2014 2:30 AM