Posted by Taylor(MI) on July 10, 2004 at 21:34:52:
Deacon,
These are considered commercial investment properties. Lenders want to see at least some of Your money in the deal.
Taylor
80\20 Lenders licensed for North Carolina - Posted by Deacon
Posted by Deacon on June 25, 2004 at 20:45:56:
Looking for lenders who can do 80\20 combination loans for investment (NOO) 75K+ in NC. My credit is excellent 740+. If possible, lender should be able to assist me with a few commercial purchases. For example, I am looking at a 12 townhouse purchase for approximately 800K.
Hopefully the lender can process these each loan w/i 30 days.
I have a motivated seller with 20+ properties who is relocating. I would like to purchase as many as possible using 80/20 or 95% investor loans with 5% (seller to pay up to 3% settlement expenses).
tks
Deacon
Re: 80\20 Lenders licensed for North Carolina - Posted by Joey
Posted by Joey on July 30, 2004 at 20:30:44:
Deacon,
I am a mortgage broker in North Carolina. I can help you with the residential NOO loans. I have a banker that could possibly look at your commerical deals. Feel free to e-mail me if you’re interested in talking.
Thanks, and good luck! Joey Hansen