The borrower did not have enough to close…the deal was dying. I got on the phone with the borrower, figured out what she did have and came up with a solution. Because the shopping center had a lot of local tenants, and was older, etc. it could not get 80% financing-THE BANK SHOULD HAVE NEVER QUOTED IT AT 80%!
If you have been denied or know someone who has been denied by a lender or bank, give me a call. We close 80% of the term sheets we issue so your chance of success is MUCH greater with us and usually, the rate is the same or better. Just one call does it all at 512-650-8630
512-650-8630 or get started by completing the form.