Replies to post #37435 on IAHL Corporation (IAHL)

[tonysib]

Talk to your banker and see if he will open up. The banks are in trouble. A few have been taken over by the government and they are just starting, more to come. Very few if any are funding construction loans at this time; if you want to refi many only go 65 -70% LTV. BUT you would need great credit for cash out. You may see ads stating saying 80% LTV but I have not see any close. I get one or two calls a day from people who say XZY would not fund my loan and we were ready to sign loan docs. I have has a couple say they had signed their docs and the bank pulled the loan. BANKS are tight on funds. They have to have a running balance to cover people who are in default/ foreclosures. Anyway I would be shocked if this gets funded 60m. Anyways you stay green.