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Looking for Financing on Illinois Mixed-Use Building
I am looking for a commercial lender on a Mixed-Use building in Chicago with rates <5.0%.
-$975K Purchase (2 X commercial units; 1 X apartment)
-$390K down (=60% LTV; using 1031 exchange money)
-DSCR= 1.65%
-Lending to an LLC
-Principal's FICO 700+ (personal guarantees OK)
-Successful business with multi-year track record
Looking for