Small 2nd mortgage

I have a client that needs a $22,500 second on a commercial property. He is buying it from a bank and has a first in place. He has a new franchise tenant with a good balance sheet on a new ten year lease and is spending money on upgrades. Frankly it will be 100% financing but the value of the property in the near future will allow him to refinance and pay off all the debt. The property is in the Louisville MSA north of the river in Indiana.

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Permalink Reply by Kevin Yeats on March 20, 2014 at 9:15am

Monte

Please send a summary to me including purchase price and terms of the first.

I may be able to offer equity.

kyeats@netzero.net

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Permalink Reply by Home loans on March 20, 2014 at 1:25pm

Hello,

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