Posted on: 27th Nov, 2007 02:56 pm
FICO is 628. Mortgage payments are exceeding rents, lots of equity still.
advantageous? probably....
possible? probably not....
commercial financing is going to want to see that your properties cash flow and also a higher credit score generally speaking. if you are experiencing a net rental loss you need to either refinance or restructure your debt, increase your rents or sell some property.
good luck
possible? probably not....
commercial financing is going to want to see that your properties cash flow and also a higher credit score generally speaking. if you are experiencing a net rental loss you need to either refinance or restructure your debt, increase your rents or sell some property.
good luck
Hi Guest,
Welcome to our forums.
I agree with Ken here. Your credit score isn't that good for you to get approval for a commercial mortgage. But you can still give it a try.
Our community has a group of lenders offering loan related services to people having various loan requirements. So, if you are interested, just send us your request for mortgage quotes with the minimum details, so that we can forward it to our community lenders. And, if the lenders can match their profiles with your loan requiremnets, they shall contact you for the quotes asap.
Good luck
Welcome to our forums.
I agree with Ken here. Your credit score isn't that good for you to get approval for a commercial mortgage. But you can still give it a try.
Our community has a group of lenders offering loan related services to people having various loan requirements. So, if you are interested, just send us your request for mortgage quotes with the minimum details, so that we can forward it to our community lenders. And, if the lenders can match their profiles with your loan requiremnets, they shall contact you for the quotes asap.
Good luck
