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Updated 6 months ago,
Financing for Flex Space Commercial - investors
$2.5M 45,000 sq ft. 25% down. I am the primary investor.
Question:
If I take on two investors at 12.5%...can I avoid them having to sign the note and getting vetted? They are more than qualified, just don't want to go through the vetting process.
Details:
Financing will be 75% ltv, 5-10 years fixed, 25 year AM. Not sure of the rate in the current environment. Negotiations are in final stages of contract edits between the attorneys.
Open to any useful advice.