how do i find a lender to finance a loan at 2.9 million to purchase a property that has a current apprasial for 3.9 million to open a inpatient drug rehab 30 day program using Equine Therapy to treat dual dignosis

Try a local bank or a hard money lender is going to be your best bet.

I don't for your area, I am in KC, MO. Google them for your zip code. Try Commercial lending, Hard Money Lender, and Portfolio loans.

This is a commercial loan. I'd be glad to discuss requirements with you in more detail and see if I can help you or refer you.

Being a commercial loan the equity position is not the primary decision. It will be based on income the business generates and if it is owner user you will need strong financials. Feel free to contact me and I can discuss your options whether traditional commercial financing would be available or private money. I also have access to stated income commercial loans....regards. I am local in Long Beach...

My Name is Rene, and my office is in Glendale CA. Give me a Call at 877-300-3007 Ext 101. I will like to go over the details. So I can explain how this can be done. I am sure I can accommodate this loan for you.

Regardless of what the property appraised for, the lender will lend based on the LESSER, appraised value or purchase price. So for your scenario, it's 2.9M and most lenders are going to require a 30% down payment or more.. Scotsmanguide.com is a great resource for finding commercial financing.. you type in your loan scenario and you get a list of lenders willing to lend based on your exact scenario. 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