Looking for a lender
Corporation has owner occupied Commercial Bldg in southeast Houston 77011 . No mortgage on bldg at present Looking for a mortgage of approx 100k to be used for upgrading equipment and purchasing inventory . Corp is in good standing and major shareholder of Corp. as co-signature has credit score high 800's Is 100 k to smalal an amount to get a lender interested. by tmctx_426_924 from Houston, Texas. Jan 27th 2012
Bert Carpenter (BertCarpenter)
#37 ranked lender in Arizona - 2,431 contributions
This is clearly a commercial loan purpose. If you are looking to use the funds to purchase inventory and equipment, you will probably have better luck going for a revolving commercial line of credit secured by the building. I would encourage you to look at small to mid size community banks in your immediate area. Clearly, if you are still banking at one of the big boys, you should be re-thinking that. Check with your local SBA office for recommendations as well. Good luck ~ Bert Carpenter, The LoansA2z team of NOVA Home Loans ~ NMLS 40586 ~ www.LoansA2z.com
William J Acres (William_Acres)
#74 ranked lender in Arizona - 8,728 contributions
Hey TMCTX... this is a small loan, however there are commercial lenders out there that will do this loan. The best resource for commercial loans is Scotsmanguide.com. You can search for a local or national lender for your particular loan secnario.. WilliamAcres.com
Ask our community a question.
Get an answer
Related Questions
