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Updated 11 months ago on . Most recent reply

Saverio Nestico's profile image
Saverio Nestico's profile image
Saverio Nestico
  • Rental Property Investor
  • from Philadelphia, PA
  • Member since May 24, 2016
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Saverio Nestico's profile image
Saverio Nestico's profile image
Saverio Nestico
  • Rental Property Investor
  • from Philadelphia, PA
  • Member since May 24, 2016
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Saverio Nestico
  • Rental Property Investor
  • Philadelphia, PA
9
Votes |
26
Posts
Private Lending & Conventional Mortgage Advice

Need To Find A Lower Interest Rate For My Self Storage Facility

Saverio Nestico
  • Rental Property Investor
  • Philadelphia, PA
Posted

I have a 60 unit storage facility in Edgefield, SC. I currently have an interest rate of 10% from Live Oak Bank. Which makes it difficult for positive cash flow. Looking for an angel investor for 6% return on $340K.. Purchase price was $640k and owe $340k. Open to conversations

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Brandon Croucier's profile image
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Brandon Croucier
  • Lender
  • from Newport Beach, CA
  • Member since Feb 16, 2024
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Brandon Croucier's profile image
Brandon Croucier
  • Lender
  • from Newport Beach, CA
  • Member since Feb 16, 2024
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Brandon Croucier
  • Lender
  • Newport Beach, CA
239
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598
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Brandon Croucier
  • Lender
  • Newport Beach, CA
Replied

I wouldn't spend the time, 10% is a beautiful rate on self storage, best I've heard of in quite some time.

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