He is discussing his options with a lawyer and has threatened the closing company to push the closing through anyway.Has anyone else had a similar situation?

But I guess its similar to all the other places in our world where productive dialogue needs to be regulated and imposed upon.I requested you to be a colleague, that way we can have unrestricted dialogue.

By the way, I don't think US Wide Financial serves all states, but I found them through bankrate's website using their rate search and so I'm sure there would be similar mortgage companies who also utilize this program.

Joel, I had a similar problem with a building I bought in downtown Cincinnati.

Will you share a reference(s) from your current client who runs a business similar to mine?

David,i have something in the works similar to what you said. in regards to the lawsuit i should have mentioned i was referring to outside liability lawsuits. not inside. i will have to look it up but to my recollection i believe in the case of outside lawsuits, the laws of where the LLC was formed take precedent. ill post when i get to reread that section.

But in my area they are in so much worse areas of town than condos for similar price per door.

Now, I have borrowed under similar circumstances (9%rate, 12month interest only purchase & rehab, 3points front 1point on back) But it was for different properties that I got at a great deal that I was able to retail.

The local banks and thrifts offer similar (sometimes better) rates on conventional loans.

Ideally that support should be other recent comps in similar condition.