Lender · Santa Barbara, CA · Member since 2016 · 6 posts · 0 votes
We are a direct lender providing financing for commercial real estate. Seeking commercial RE deals to finance. Please contact us to submit deals or inquiries. Thank you!
I own a laundromat Carwash with real estate in Mayer Mn.
There is a vacant one story commercial building, 2400 square feet, on a half acre lot in Mayer, Mn. It is adjacent to on old railroad bed that is now a brand new paved bike trail that connects to popular lake towns . I just talked with the owners via phone and have set up a meeting next week. It's off market and they have been trying to sell for two years. $150,000 with Realitor.
I'd like to offer $105,000 private sale. 20% down payment 10 year note?
If we Move the laundromat in one half and open a bistro - ice cream - coffee shop in the other or do a kids bouncy house play zone in half and cafe on the other will may have success. The tone is craving amenities and nobody is pulling the trigger out here.
Let me know if we can continue this conversation and what facts you'll want to see.
Hello my name is Charles, I currently have my money tied up in a buy and hold deal and stumbled on another property that is cash flowing even with one of the apartments vacant, its a 5 family. the asking price is 210k but my re avant knows the seller and I can purchase the property for 180-190k depending on the time frame.
Do you have any money to put down or equity in another property that we can use as additional security for the loan? You may also be able to get the seller to carry a second.
I'm looking for an investor who will lend and take a nice return on their investment. they don't have to be tied to the property long. The units are rented also