Posted by JIm on September 26, 2004 at 19:11:05:
Thank you. Just wanted to follow up and let you know all the financing was approved. Ironically we went with a lage bank and I was told we could do several of these properties with our situation. What is funny is they had to have 10%down and I couldn’t use equity, but could use equity cash from a line of credit. Also, I was told I could take out a line of credit right after closing to 100% from the same bank. But yet they want the 10% down. Go figure.