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Structuring a P.M.L Deal
Hi,
I am looking to purchase an 11key B&B for 3.3-3.5 Million using a Private Money Lender. Would anyone have any examples of how you would structure this type of purchase with payments back to the PML?
Purchase Price = 3.4 Million
Gross Income = 685k
Expenses = 575K
NOI = 155K
Any advice or assistance in the form of mortgage calcs scenarios would be greatly appreciated