Provide commercial loan to VA corp. to buy NC property?
I represent a Virginia corporation which is looking to purchase a former municipal building in Lumberton NC for rehab as a commercial and residential building. The property in current condition is for sale under $50,000 but we would need funding for extensive repairs as well. Do you have such a program? by jmartin17 from Glen Allen, Virginia. Dec 14th 2015
William J Acres (William_Acres)
#74 ranked lender in Arizona - 8,728 contributions
Although there are many lenders out there that do commercial financing, it's unlikely you would get financing without someone willing to guarantee the loan. Your other hurdle is the loan amount.. Most commercial lenders have minimum loan amounts and for a very small few, it's $100K, but most will require $200K - $250K or more.. but don't take my word for it.. the best source is Scotsmanguide.com There you can type in your loan scenario and find a list of lenders willing to do your basic loan parameters.. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. William J. Acres, Lender411's number ONE lender in Arizona. 480-287-5714 WilliamAcres.com NMLS# 226347
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