Hello User. I am new memeber of this group and i read lots of people review. Thank you guys making world easeir for every one
Let me explain my sitiation.
I am in middle of deal gas station.
Inside 55k
gas 50k
lotory: 4k
asking:315k
this is a land lease. I will own property(car wash+ tank..everything on this land)
land lease is 4000/month
No my problem is that. my SBA(7a) loan as been approved but there is a problem in Estopple which need to be signed by landloard. In estopple says that if city expand road or condempt property that money will goes to paid my loan but in most case that money will go to landload who own the land. so now i asked bank to change that because landload will not signed it. bank said they are not going to change.
i put sugestion that if city expand the road and if bank will take that money then i will pay that money back by opening Escroo account where i can put sertain amount of money in bank each month. but landload ask me collatoral.
so now i am in situation where i dont know what to do? Does anyone know any bank will let me lend money to buy this business. I dont want to go with SBA. IF you guys know any banker or any one please let me know
Thank you
I need to resolve this asap.
i need one more week to go.
Thank you
bye