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Good asset quality (A or B Property). strong borrower can still get a 1.25 to 1.3% DCR. That's for an A+ deal. DCR's go up from there.
What is the loan for?
What kind of property do you need funding for, and do you need help getting funds?
Are you looking for financing? You can get $6M financing today without going to the bank...and get better terms than you could have at a bank. Banks are being very tight with their credit now, so private financing sources (NOT HARD MONEY) is now more than ever the way to go.
1.17 via the FHA program
Ernest B, Which FHA program are you referring to? Please respond to martin.smithmyer at bmo.com. Thanks.
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