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Commercial Real Estate Investing

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Melissa Johnson
  • Virtual Assistant
  • Dallas, TX
20
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Commercial Lending Help

Melissa Johnson
  • Virtual Assistant
  • Dallas, TX
Posted Jan 16 2017, 09:17

Hello Everyone, I have a project in NC that will be a tactical gun range and outdoor event center. We have a lease on the land but I really want to buy it out. Are there any lending companies or hard money companies that lend with a 607 credit score (marriage)? I have a business plan and already active events happening this year. Any advice or referrals would be great. Thank You!!

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40
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Melissa Johnson
  • Virtual Assistant
  • Dallas, TX
20
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40
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Melissa Johnson
  • Virtual Assistant
  • Dallas, TX
Replied Jan 16 2017, 11:17

I sent you a message Robert. 

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Karen Schimpf
  • Lender
  • Nat'l Commercial Mtg Lender - Round Rock, TX
227
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856
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Karen Schimpf
  • Lender
  • Nat'l Commercial Mtg Lender - Round Rock, TX
Replied Jan 17 2017, 10:29

@Melissa Johnson It depends, You might be able to go SBA  or hard money.  How many acres is the gun range and are there buildings on the property?  What is the total project cost? How much do you have to put down? Have you done a feasibility study?  I will reach out to you.

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User Stats

40
Posts
20
Votes
Melissa Johnson
  • Virtual Assistant
  • Dallas, TX
20
Votes |
40
Posts
Melissa Johnson
  • Virtual Assistant
  • Dallas, TX
Replied Jan 17 2017, 10:50

@Karen Schimpf It is 550 acres. We have a lease on the property to start the project until funding is secured. The range is in a high military area and will also be used for LE training as well. I am lucky to have some heavy hitters in the military, on my team.  I look forward to talking to you about this. Thank you

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Darwin Crawford
  • Rental Property Investor
  • Scottsdale, AZ
242
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296
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Darwin Crawford
  • Rental Property Investor
  • Scottsdale, AZ
Replied Jan 17 2017, 19:25

SBA loan and a credit repair specialist.  That'll be your best bet.