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Old 09-28-2005, 06:25 AM
Posts: n/a
Default Re: [incomeproperties] Re: Looking for $400-500K short term against 1.3 m building

dear nbnia: yes, i can definitely help with this.
have you thought about getting a loan that could be
assumed by your buyer? this would make the building
much easier to sell!!
let me know if you want my help. email me or call
940-387-9030. best tome is 2-10pm.
--- nbnia <> wrote:
> --- In incomeproperties@y..., sburton60
> <no_reply@y...> wrote:
> > I own an office building worth $1.3-1.5 million.
> I have a first
> lien
> > with the prior owner for $430,000. The note
> holder wants to cash
> out
> > now, and is willing to discount my note to $300K.
> Does anyone know
> a
> > private lender who can come up with $400-500K to
> be in first
> position
> > against the office building? ($300K to buy out,
> $100-200K for
> working
> > capital, etc.) 1 year max is all I need. I will be
> selling the
> > building. Will pay customary hard money for this.

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