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Updated almost 2 years ago,

User Stats

12
Posts
3
Votes
Patrick Wood
  • Investor
  • Fort Scott, KS
3
Votes |
12
Posts

Seeking recommendations for a commercial lender

Patrick Wood
  • Investor
  • Fort Scott, KS
Posted

My project was recently selected to pursue a MIH grant up to $650,000. I have a letter of intent for $500,000 from a local bank with a 7% interest only for 12 months. Converting to permanent variable rate with personal guarantee. I am curious if there are any better terms for this deal. Reach out and I can give you more details for the project. 

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