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Updated almost 2 years ago,
Commercial or Private Lender for a Rooming House (12 rooms)??
Looking to refinance a cash-flowing 12-room rooming house in Alaska as my current private money balloon note is nearly due. This is a commercial deal that. requires a commercial lender or a private lender. Looking for a minimum 2-year term as this is what the local banks require for seasoning so that we can refinance with them and have a local bank hold our note. Open to suggestions and guidance.
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