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Questions concerning financing of commercial properties.
Fannie, Freddie, FHA, and conduit versed lender for over a decade.
| User | Date | K | C | P | Comments |
|---|---|---|---|---|---|
| Peter | 02/06/12 | 10 | 10 | 10 | Thanks, Terrence, this is very helpful! |
| Peter | 01/08/12 | 10 | 10 | 10 | Thanks, I appreciate the helpful information! |
| Margaret Ann Hayes | 08/14/11 | 10 | 10 | 10 | Thank you. |
| John | 12/15/10 | 10 | 10 | 10 | Thanks, but nominating for volunteer of the ..... |
| Chris | 04/17/09 | 10 | 10 | 10 | Thanks, TC. I appreciate the advice. Currenly ..... |
The only issue I have is that the land loan is at 75%LTV and that number is based on an appraisal that I haven't seen and the Bank didn't authorize. If you have it appraised, then it is not arms length
In actuality the idea of not having all your eggs in one basket is a solid concept with banks going from flush to freeze without notice. I am worried that you are not getting all your write offs--check
A bad mortgage is one whose either the underwriting was flawed due to an improper appraisal, the credit ratios are incorrect, and/or a combination of factors have resulted in a non-performing mortgage
Possibly your credit standing has changed since you paid off the last loan. I would attempt to refi it once again with another lender whom you have a RELATIONSHIP. I hope it is fallen through the cracks
I do not have the current cap rates for Greenville, SC, but based on the NOI I see a very viable deal. The issue being is the Greenville SC which is not a particularly strong market. If you have some comfort
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