I am looking for a mortgage of approximately $300,000.00 on our commercial building in Point Pleasant Beach, NJ 08742. We are making the last payment on an existing first mortgage (with payment of $1645.10/ month). We have a second mortgage of $28,830.00. The realestate assesment for taxes on our property is $2.5 million. We would like a new mortgage of $350,000 to pay the existing mortgage off and to take cash out to repay some of our investment. Thank you. Clara J JohnonPresident, Point Pleasant Furniture Company, Inc. also owning and operating Point Pleasant Antique Emporium, Inc.
Louis Jeffries (LouisJ)
#11 ranked lender in Illinois - 57 contributions
You would qualify for a refinance to take cash out regardless of your finances based on the value of your building alone. The terms you get for that cash out loan though are based on your business and its income and cash flow as well as the credit of the principles. If you would like more information, email me at financingbroker@gmail.comLouis Jeffries
Ulysses Fletcher (ufletcher8141)
#26 ranked lender in Georgia - 245 contributions
My name is Ulysses Fletcher and i handle Commercial Loans all over the state of Georgia.Give me a call and let me see what i can do for you. (404) 421-4783 or you email me at ulyssesfletcher@numail.org
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