1.What is the purpose for the loan?
2.Are their existing loans against the property? If so, what is/are the balance(s)
3.What is the age, size, and condition of the building?
4.Is the business held as a corporation or individual owner(s)?
5.What has sales volume for the business for 2002 - 2005?
Pacific Loan Solutions
Ladies and Gentlemen,
I need to find a lender willing to do a loan in the range of $1 to
$1.5 million, without personal guarantees, for a small retail
building - owner occupied - in Nassau County, Long Island NY.
Loan to value: 75% (based on appraised value)
Term: 5 to 10 years
Amortization: Longer is better
Business: Successful jewelry business - been in the same family
over 100 years
Direct lenders only please.
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