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Updated almost 3 years ago on . Most recent reply

Abraham Shamosh's profile image
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Abraham Shamosh
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Abraham Shamosh's profile image
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Abraham Shamosh
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Abraham Shamosh
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Creative Real Estate Financing

Do commercial loans take credit into account when approving loan?

Abraham Shamosh
Posted

Hi,

Recently my credit took a big dip and I was wondering if there are any mortgages to purchase a town home rental based on the deal and not on my personal finances or credit. 

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Don Konipol
Don Konipol
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  • The Woodlands, TX
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Don Konipol
#1 Innovative Strategies Contributor
  • Lender
  • The Woodlands, TX
Replied
Quote from @Abraham Shamosh:

Hi,

Recently my credit took a big dip and I was wondering if there are any mortgages to purchase a town home rental based on the deal and not on my personal finances or credit. 

Yes, some hard money loans.  But you’ll pay double digit interest rate, short term loan, and stiff points and fees
  • Don Konipol
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Private Mortgage Financing Partners, LLC

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