Thursday, August 10, 2006

Mobile Home Park update

The Park is not under contract now.
This has been the second buyer to try to get a loan. Unless you have CASH, it's going to be difficult to get a loan on a property that's value is based on Cash Flow and Assets. Although the Assets do have a value, the total value exceeds what a lender will consider financing.
Thank You,
Bruce Weaver
RE/MAX Advantage
Ph:205-965-6761

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My Real Estate License is with RE/MAX Classic Realty Office:205-408-1306 Direct: 205-352-4229 Cell to Cell: **Weaver