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Financing in Coconut Grove : Real Estate Advice

  • All69
  • Local Info7
  • Home Buying12
  • Home Selling3
  • Market Conditions7

Activity 5
Sun Aug 17, 2014
Richard Gutierrez answered:
We might approve you with 50% down and buying under an entity, we can help you finance the purchase without much verification with our investor's hard money loan and close in 7 to 10 business days.

Please contact me to chat over the program guidelines.

Thank you

Richard Gutierrez
Tel: 305-200-8861
US Commercial Funding Corp
1395 Brickell Ave, suite 800
Miami, FL 33131
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Mon Apr 28, 2014
Irina Karan answered:
Hello Jeffrey,

6% was not bad. Most would offer 7 to 10% for mixed use building.
Some banks would not finance mixed use at all.

I suggest for you to go to your condo management (condo association) and ask which
banks did give mortgages in the building recently. They might point you in the right direction.

Best of luck and hope this was helpful,

Irina Karan
Beachfront Realty, Inc.
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Fri Nov 16, 2012
Jaime Mondestin answered:
As hard as it may be to swallow. I would recommend to keep making the payments. Bank of America need to get off their soap box and give this women the break that see needed. Follow @Larray Tollen advice, he is on point in this matter. ... more
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Wed Apr 11, 2012
Irina Karan answered:
You can, if you are not a foreign national.
Also, there are townhouses that are really condominiums and there are townhomes that are like homes. It is much easier to purchase a townhome (not a townhouse that is a condo).
When looking for a property, make sure to ask your agent about this.
While home insurance premium will be larger in townhomes, the hoa is normally lower, so this should work out to your advantage.

Hope this helps,

Irina Karan
Beachfront Realty, Inc.
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Mon Jul 20, 2009
Yanni Raz answered:
I'm not sure about your question.

Look at this blog it will help you to learn more about mortgages.
I've got most of my answers there as well.

Good Luck.
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