All Forum Posts by: MIchael McCUe

do privet brokers tend to have real estate opportunities such as foreclosures this that and the other up for an owner to invest on, thanks at helping me learn the differences hear thanks.

Alright I know theirs the general banks like TD and Scotiabank but thier also privet lending, what’s the best deal should I use brokers instead, thanks to whom concerns.

Quote from @Andrew Syrios:

You can finance equipment like an excavator but I'm not sure what you're asking about with regards to bankruptcy. 

At the very end when you can’t use the equipment because of decay what’s the follow up, I believe in real estate you would then declair bankruptcy, and forfeit the property loan agreement without taking credit score or financial losse on the lease, im really hoping to find out , thanks for your time as well.

I went to the bank and they said a credit line leasing loan she said she doesn’t know exactly but approximately the interest is 7.7 to 8% with property,what I really want to understand is, can I expect the interest to stay the same other wise how do I adjust expectations for future payments? Thanks for everybody’s time, much appreciated.

Quote from @Wyatt Wolff:

Best way to finance, probably not. I guess it would depend on what you are looking for. Do you just need access to liquidity? In that case, just get a credit line 

A credit line is this based on lease payments, also are these lease period loans the most common way to finance say a transport truck, general equipment and manufacturing ? Also what’s the range in interest I’ll have hear, thanks for your attention.

Is this the best way to finance businesses generally speaking, I’m a windows and doors installer 

I don’t know if this is categorized as heavy equipment,I think I read you can lend on custom assets do you think these will give me this option for general construction equipment. Like a 1 ton mini excavator

 generally saving for real estate so I guess it’s kinda similar, Looking for business loans advice   I wanna finance equipment ie.. ring saw and an excavator, is their a maximum for lease portion of the loan or  is it like real-estate where eventually you declare bankruptcy on the property, I’m thinking.

Quote from @Brock Mogensen:

Depends on size of deal and the lease in place. Longer term leases (10+ years) with a credit tenant will qualify you for non-recourse financing with IO.  Shorter term lease deals with non-credit tenants generally go to local bank financing with minimal IO. 

 As a matter of fact that’s really cool is it the same with other business in finance like manufacturing and farming I’m gonna guess they pay some sort of depreciation ?  

thanks yall, I really appreciate the advice.