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User Stats

54
Posts
16
Votes
Mark Walker
16
Votes |
54
Posts

Looking for lender for MHP&self storage deal

Mark Walker
Posted

Hello, I have financing with a local bank but would like better terms if possible.

Thanks

Mark Walker

User Stats

1,532
Posts
177
Votes
Simmy Ahluwalia
Pro Member
  • Lender
  • Atlanta, GA
177
Votes |
1,532
Posts
Simmy Ahluwalia
Pro Member
  • Lender
  • Atlanta, GA
Replied

@Mark Walker - is this in the B'ham market?  Either way, we can finance this asset class.  Reach out.

  • Simmy Ahluwalia
  • User Stats

    54
    Posts
    16
    Votes
    Mark Walker
    16
    Votes |
    54
    Posts
    Mark Walker
    Replied
    Quote from @Simmy Ahluwalia:

    @Mark Walker - is this in the B'ham market?  Either way, we can finance this asset class.  Reach out.


    Yes it is and yes I will
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    User Stats

    120
    Posts
    13
    Votes
    David Pearl
    Lender
    • Lender
    13
    Votes |
    120
    Posts
    David Pearl
    Lender
    • Lender
    Replied
    Quote from @Mark Walker:

    Hello, I have financing with a local bank but would like better terms if possible.

    Thanks

    Mark Walker

    @Mark Walker - Hi Mark. Happy to help you with this. 

    User Stats

    16,719
    Posts
    14,239
    Votes
    Chris Seveney
    Pro Member
    #3 All Forums Contributor
    • Investor
    • Virginia
    14,239
    Votes |
    16,719
    Posts
    Chris Seveney
    Pro Member
    #3 All Forums Contributor
    • Investor
    • Virginia
    Replied

    @Mark Walker

    What are the current terms? What are you trying to improve the terms on?

  • Chris Seveney
  • User Stats

    54
    Posts
    16
    Votes
    Mark Walker
    16
    Votes |
    54
    Posts
    Mark Walker
    Replied

    Hello Chris, current terms are 8.5% for 20y. Looking for lower rate and longer amortization for improved cash flow. Thank you.