Real Estate Investing Forums

Real Estate Investing => Financing, Hard Money Lenders, Private Money => Topic started by: prosource on September 12, 2008, 08:28:33 pm

Title: BUYING BAR WITH BUILDING... NEED HARD MONEY LOAN IN OHIO
Post by: prosource on September 12, 2008, 08:28:33 pm
692,691,675 Credit scores
Taxes for 2007 adjusted gross = $77,000
Debt to income is 23%

Buying liquor license, building, and current inventory.  Purchase price $130,000 or less.  Need $25,000 for renovations and rehab.


Northeast Ohio (Cleveland/Suburbs)

Can anyone close in a timely manner or suggest a REPUTABLE LENDER?
Title: Re: BUYING BAR WITH BUILDING... NEED HARD MONEY LOAN IN OHIO
Post by: Dave T on September 13, 2008, 01:25:18 pm
Ask your favorite commercial lender for a purchase and improvement loan.   With this loan, rehab is included in loan amount.