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I have a commercial property that I have owned free and clear for 18 years,My divorcrce 4 years ago my ex wife had property,I have recently reaquired but found out thier is 18000 in taxes due property value tax rate is 94k,this is the loan purpose how is the best way to finance this,deed/abstract recently brought up to date

by daryl hollingsworth from new virginia, Iowa. Aug 10th 2010 Reply


Brett Pehrson (brettpehrson)
#19 ranked lender in Utah - 228 contributions

Daryl, from what I'm gathering of your scenario, I would probably suggest a Home Equity Line on your Primary Residence, if possible, simply because the cost of the money is much cheaper for a loan this size; although, I'm sure there are several people/professionals who would disagree with that opinion. Since it's probably too small for a traditional commercial mortgage, depending on how you use/manage it, an SBA loan might be another good option to explore.

Aug 10th 2010
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Akali Dennie (adennie)
#54 ranked lender in Florida - 196 contributions

Please email me directly so that I may assist. We are Direct Lenders in all 50 states. adennie@fmbranch.com.

Aug 11th 2010
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John Barbato (blueelephant)
#4 ranked lender in Delaware - 26 contributions

Depending on the rest of your situation and current financial position, you'll probably have several options. It's best to review them with a knowledgeable mortgage advisor. I do residential, commercial and non-traditional/alternative financing. From what you have said so far, I would recommend we look at a self-directed IRA as a very cost-effective option. I am happy to review your scenario, answer any other questions and give you more information. Feel free to call or email. John Barbatojohnb@fairwaymc.com302-260-7091

Aug 11th 2010
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