Here it is... Remember that he has Deals on the table from 6.5%-11% with at least 2.5Pts.  Jay needs a Bridge Loan for $1.525MM  Approximately (4) Month TerM.. The Property has been Appraised for 3.05MM.  A new Appraisal has been ordered and should come in for $3.5MM. The Other Lenders have Longer Terms.  Please see the Attached Folder with all of the Documents that I have.
The Purpose of this Loan is to Satisfy the Recent NOD AND BRIDGE INTO A NEW LOAN THAT HAS BEEN  APPROVED BASED ON SATISFYING THE NOD...

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Please Email me Danocupbryan30@gmail.com I could not download or see the attachments

If you've got a property worth 3.5MM, why are you having trouble finding a $1.5MM loan with a 4 month term?  And if he has deals on the table, most lenders will negotiate the term of the loan down to at least 6 months in my experience.

 

Rich Coppage
DerCam Capital Advisors

“A Stryde/GMG Agency”
O: 480.389.3988 | C: 480.215.9909
rich@dercamgrp.com  | dercamgrp.com
linkedin.com/in/richcoppage

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