Comments on: Loan? would it be possible? http://www.sellflatfast.co.uk/flat-mortgage/loan-would-it-be-possible/ Sell your flat fast for cash Sat, 26 May 2012 16:46:39 +0000 http://wordpress.org/?v=2.7.1 hourly 1 By: KKup http://www.sellflatfast.co.uk/flat-mortgage/loan-would-it-be-possible/comment-page-1/#comment-1753 KKup Tue, 02 Mar 2010 16:52:10 +0000 http://www.sellflatfast.co.uk/flat-mortgage/loan-would-it-be-possible/#comment-1753 most likely not. You are a subprime borrower (score below 680) with very little down payment ability and you aren't considering the full price of the property. You will also have property tax, water and garbage (landlords pay those) and you haven't said whether or not the building is fully occupied. You'd also have to have money you could put aside each month for improvements to the building and repairs. Typically called CapEx, or capital expenditures. You should go talk to an SBA lender, but I don't think you are a good credit risk in this current economy. Good luck. most likely not. You are a subprime borrower (score below 680) with very little down payment ability and you aren’t considering the full price of the property. You will also have property tax, water and garbage (landlords pay those) and you haven’t said whether or not the building is fully occupied.

You’d also have to have money you could put aside each month for improvements to the building and repairs. Typically called CapEx, or capital expenditures.

You should go talk to an SBA lender, but I don’t think you are a good credit risk in this current economy.

Good luck.

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