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Updated almost 4 years ago on . Most recent reply

User Stats

278
Posts
71
Votes
John Acheson
  • Renter
  • Las Vegas, NV
71
Votes |
278
Posts

EMERGENCY SITUATION 1st Time Commercial Deal

John Acheson
  • Renter
  • Las Vegas, NV
Posted

we need help after a year trying to get into commercial,

we're running out of time in contract on an office warehouse

condo and have gone through 1000s of pages of paperwork

with a CDC/SBA/Bank and received contingent approval,

but got a screen-out on a SBA 504 resetting the clock.

we're running out of time asking for a 2nd extension,

offered our earnest money and trying to figure out

how to close this deal in 3 days or less than 3 weeks

if the extension is accepted?

any advice is appreciated,

John

Most Popular Reply

User Stats

187
Posts
36
Votes
Chris Cambridge
  • Investor
  • New York, NY
36
Votes |
187
Posts
Chris Cambridge
  • Investor
  • New York, NY
Replied

What's the real details?

What's the purchase price?

What's the loan amount?

What's the location?

How much down payment?

Appraisal done? If so what's the value?

Owner occupied or investment?

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