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finance
i have aquired a motgage on a business property, value of property 175K, mortgage value 127K also i have 20k of my own but have a shortfall of 28k. We have no place left to secure any more money, apart from the property that we have not yet aquired. any suggestions?
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For more on marking an answer as the "Best Answer", please visit our FAQ.Difficult to post a constructive answer because I don't fully know the circumstances. I would suggest looking at alternative property options within budget and then reconsidering what more the more expensive property gives? If it is significantly more then look for external financing, for example alternative loans, sponsors or selling a portion of your prospective business. With more information I might be able to add more.
Good luck
Good luck