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Updated over 8 years ago,
Commercial lending
I have a client that needs financing. Appraisals came in at $4.24, 4.25 and 4.4. He's has a hard money for $2.6 and wants to refi so he can keep the building and turn over to his son someday. He was in foreclosure but the hard money got him out of that. Currently owner occupied and working on renting out rest of building. Does this have a chance?