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  • Need Commitment Fee Financing on a Land Deal Refinance

    I have a customer who is refinancing a piece of commercial beach front property he owns. He needs $60K to $90K for his commitment fee to get his letter of commitment to get the loan closed. 30 Day Loan payback 20K
    He will pay back at closing the loan and cost of capital. Does anyone know who can get this deal done.
    Last edited by Havilah; 09-28-2016, 03:56 PM.

  • #2
    Using the guaranty of a real estate loan closing to pay back the loan won't intice anyone to lend this.. since these almost always get delayed or fall apart.. however, if the borrower has an existing business, we can lend on this. LMK if I can help.

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