Posted by Ben Carmona on June 19, 2007 at 22:48:20:
Several questions are raised from the info you’ve given.
You note that the purchase is for cashflow, so this is an investment property he’s buying? If so, conventional loans dont offer 100% financing. There are only a couple lenders that allow for 100% financing and this must be done as full doc.
What type of documentation is being used to qualify?
In the even that this is an owner occupied property, they may have more options.
How long has your company owned the property?