Miguel De La Riva
  • Austin, TX
  • United States
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Cash out $160K on a $1M+ commercial property

Started this discussion. Last reply by Mary Gill Oct 30, 2013. 5 Replies

I have a client in need of $160K for a down payment on a lot.  They own a property (cultural center/school) valued at over $1M that they are willing to put as collateral.  Looking for a minimum 3…Continue

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Company name and description
Security National Commercial
Funding commercial real estate and investment properties nationwide.

Miguel De La Riva's Blog

Residential Portfolio Blanket Loans

Posted on July 25, 2014 at 2:28pm 1 Comment

 If you own more than five residential investment properties (1-4 unit) you may have come to a fork in the road where you have to decide between cash or hard money to acquire new properties.  Or maybe you acquired your properties when lending rules were different but now you cannot refinance them to get some cash out.  Consider a blanket loan.  This will allow you to have one loan for all of your properties under an LLC and will free up our personal credit to acquire more properties at…

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At 11:30am on October 23, 2013, John Bennett said…

What is your contact#? I would like to discuss financing for your client

John 917 626 1598

 
 
 

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