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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

1,517
Posts
172
Votes
Simmy Ahluwalia
Pro Member
  • Lender
  • Atlanta, GA
172
Votes |
1,517
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.

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

115
Posts
13
Votes
David Pearl
Lender
  • Lender
13
Votes |
115
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

16,362
Posts
13,868
Votes
Chris Seveney
Pro Member
#1 All Forums Contributor
  • Investor
  • Virginia
13,868
Votes |
16,362
Posts
Chris Seveney
Pro Member
#1 All Forums Contributor
  • Investor
  • Virginia
Replied

@Mark Walker

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

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.