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Updated almost 9 years ago, 02/22/2016
Lending Terms
I am reviewing terms from this lending company and one of the terms says "will lend up to 65% of the “after built” value of the property which will require the borrower to have a cash investment roughly equal to 35% (case by case basis) of total costs to acquire, renovate and stabilize." I am not sure what that mean, Please help