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Updated 12 months ago,

User Stats

135
Posts
45
Votes
Kathy Utiss
  • Specialist
  • O'Fallon, MO
45
Votes |
135
Posts

North Platte NE-Suggestions

Kathy Utiss
  • Specialist
  • O'Fallon, MO
Posted

Owner is willing to assist with financing property is free and clear. I started a nonprofit we'd prefer a premium finance loan. As my biz associate is able to donate the income he would make to our project. We then have a bank to loan against the IUL he would issue. Just not sure best way to go anymore as one lender has tried to effectively help me. But they want $100,000 cash. I have cross collateral but not cash. So not sure if anyone would help with a refinance? Maybe a DSCR Loan as it comes in at 1.40. On the lowest income. I know the numbers are not the best. I would be looking to do it as a restructuring of the property with section 8 income. Or we'd be willing to help him with investors to buy shares.