Does anyone know how to obtain 90 LTV mortgage as a refinance on a small apartment complex in Florifa - about 700K in financing -?

Asked by Realoaks, Tampa, FL Thu Dec 15, 2011

looking for reputable lenders that offer 90% funding - have small apt. complex in Fl but unable to get funding/cash out loan - funds to be used to further fix complex

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3
Lisa Reeves, Agent, Tampa, FL
Fri Dec 16, 2011
It really depends on whether the improvements will increase the cash flow. If you are looking for 90% of current value - probably no cash out but you might be able to do some other type of credit financing if you have cash flow. Commercial does not usually go less than 85% even in the good times.
1 vote
Alma Kee, Agent, Tampa, FL
Fri Dec 16, 2011
Hi,

Try a local small bank.

All the best,
Alma
Alma Rose Kee, PA
Future Home Realty
813.244.9898
http://www.SoldOnTampa.com
0 votes
Rich Homer, Agent, NAPLES, FL
Thu Dec 15, 2011
Try to negage a local Mortgage Broker for an answer here http://www.trulia.com/voices/directory/Tampa-mortgage_broker…
0 votes
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