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Updated almost 3 years ago, 02/12/2022

User Stats

31
Posts
11
Votes
Jesse Frickle
Pro Member
  • Williston, ND
11
Votes |
31
Posts

Looking for loan advice

Jesse Frickle
Pro Member
  • Williston, ND
Posted

I have been the GM for two casinos in Montana for 20 years and now have the opportunity to purchase them. The current owner is going to carry the note and I need to come up with a down payment of about $700,000.

I’m looking for ideas on how to barrow the 700k and what interest rates I’m expecting to play. Any ideas about where to look would be appreciated.

Here is a little bit about my personal financial situation. I own 3 houses, personal residence has 100k equity, my single family has about 80k in equity and cash flow $200/month and my duplex has about 150k equity and cash flow is $1600/month. I have no other debt other than my mortgages. I have a little more than 20k in cash and have about 100k between my Roth IRA and my traditional IRA. Thanks for any help you can provide.

  • Jesse Frickle
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