Why is this not sold yet? 35 cafe
02-06-2014, 11:48 AM
#31
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Ran into that on my Cig when it was listed or sky high interest rates. Banks wont generally go back to far vs credit union who will work with their members. I think Key Bank and Essex only would go back 6 or 7 years when I looked at loans a few years ago. Glenn, are there any local CU's that PBC could work with to help folks line up financing if need be? Win Win for PBC, local community and the buyer IMO.
02-06-2014, 11:54 AM
#32
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Join Date: Aug 2009
Location: Columbia, MO
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Yep. Credit unions do not consider year to be a major factor. The "NADA" is primarily what they focus on. They also typically won't lend for longer terms, I.e. 10+ years on the amortization.
02-06-2014, 12:00 PM
#33
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+1
Ran into that on my Cig when it was listed or sky high interest rates. Banks wont generally go back to far vs credit union who will work with their members. I think Key Bank and Essex only would go back 6 or 7 years when I looked at loans a few years ago. Glenn, are there any local CU's that PBC could work with to help folks line up financing if need be? Win Win for PBC, local community and the buyer IMO.
Ran into that on my Cig when it was listed or sky high interest rates. Banks wont generally go back to far vs credit union who will work with their members. I think Key Bank and Essex only would go back 6 or 7 years when I looked at loans a few years ago. Glenn, are there any local CU's that PBC could work with to help folks line up financing if need be? Win Win for PBC, local community and the buyer IMO.
