RADIX FINANCIAL
  • Home
  • Financing
    • Working Capital, Debt Refi and Consolidation
    • Commercial Real Estate
    • Equipment
    • Business Acquisition Financing
  • Recent Closings
  • Online Application

Recent Closings

Radix Refinances Auto Repair Shop For Owners with Past Foreclosures

3/21/2017

4 Comments

 
Picture
The owners of a Seattle-based auto repair shop found themselves paying 10% interest rates on a loan they used to purchase their property. The reason they were paying such high rates is because they lost two properties to foreclosure in 2011, and traditional banks are reluctant to extend credit to business owners with such recent foreclosures. Fortunately, one of those bankers - who had been unable to help out himself - recommended that the owners contact Radix. They are certainly happy they did!

​BORROWER’S ISSUES

  • History of foreclosures
  • ​Low credit
  • ​The loan request had been declined by multiple lenders

​RADIX'S SOLUTION

Despite the owners’ past foreclosures, Radix always tries to look on the bright side. In this case, it was easy: The property’s debt service coverage ratio was fantastic and the loan to value was even better. Overall, this loan was exactly the type of financing that Radix specializes in, and we were able to help the borrowers find a 25-year loan at just 6.25%. With the help of lower rates, the borrowers now save over $2,000 per month on their payments!
Find out how you too can cut your rates. Contact a Radix representative today!
4 Comments
Best Mortgage Broker Australia link
7/4/2022 10:46:46 pm

I love reading this post. Looking forward to more ideas.

Reply
Best Mortgage Broker Australia link
7/4/2022 10:48:17 pm

Nice post so far. Thanks for sharing your amazing blog.

Reply
Mortgage Broker in Inner West of Sydney link
7/6/2022 02:06:46 am

Great post! Thank you for sharing this kind of post.

Reply
Best Credit Monitoring Service link
8/29/2022 05:36:02 am

To avoid low credit, you need experts help, to keep your credit in positive. You can get in touch with us for free consultation.

Reply



Leave a Reply.

    Back to recent closings

Privacy Policy

Recent Closings

Financing Types

Contact

© 2019 Radix Financial Group 
  • Home
  • Financing
    • Working Capital, Debt Refi and Consolidation
    • Commercial Real Estate
    • Equipment
    • Business Acquisition Financing
  • Recent Closings
  • Online Application