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my credit is 590 ,i need to refinance my strip center ,iowe $648 k but i have 30% down could you help me

by abdzaghari62 from Charlotte, North Carolina. Aug 23rd 2013 Reply


Joe Metzler (JoeMetzler)
#17 ranked lender in Minnesota - 4,852 contributions

Commercial loans are more about the property than the individual (like a home loan), but a 590 score is bad credit... I'd talk with a credit repair company and see if you have any options to quickly get your score higher.

Aug 24th 2013
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Dave Metsker (DaveMetsker)
#35 ranked lender in Oregon - 2,318 contributions

As Joe stated, net income, also know as debt coverage ratio, as well as credit is important. You may need higher equity, as well as better credit.

Aug 24th 2013
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Kiernan Brown (KiernanBrown)
#49 ranked lender in Michigan - 149 contributions

Getting your credit scores up is crucial, getting the Debt Coverage Ratio in the right ratios is the next crucial element. Contact a credit repair company and then once you are a 680+ you should find reasonable financing. Other wise you are looking at much higher rates.

Aug 24th 2013
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Linda Wintersteen (Linda123)
#64 ranked lender in Arizona - 1,256 contributions

i do commerical loans, anged I do have one source that they are not real credit score concerned, but the over all package please email me at yourloanpartnerforlife@live.com linda

Aug 25th 2013
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