I do have a vendor that can finance this type of project. They need at least 5 properties so that it can be underwritten as a commercial loan. They will not accept properties with a value of less than 60,000. The rate is 5 year fixed and around 6.50% right now. they go up to 75% loan to value but 159,000 may potentially be too small for them but I can check for you.Mario JacksonHousehold Mortgage Solutions USA, Inc.614-432-9021
The best source for commercial financing is Scotsmanguide.com There you can type in your loan scenario and get a list of lenders who will fit your parameters.. 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 NMLS# 226347
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