There is also a prepayment structure that is equal to six months of interest (so half the rate) for about five years - this is more common for west coast DSCR lenders (sometimes called "Cali Style"Generally OK to negotiate - but with no prepayment penalty, you are likely going to have a significantly higher rate or points at close

At favorable LTV's (75% and below) rates can be very competitive (currently in the 7%'s) or sometimes nearly half the rate of interest on alternative second lien positions loans.

Even if I was the senior lender for one of the new developments, in a downside scenario I wouldn't know what to do with the land / the half-finished or finished (but unsale-able for whatever reason) inventory.Therefore - I don't want to invest / make a loan in the development JV itself - I would rather make a loan at the parent-co level where there is collateral in the form of completed properties that are generating rental cash flow - they do have mortgages on them. 

There is no one keeping that profession to a higher level of integrity. for sure half the home inspectors are bozo's who have no clue what they are doing. 

Now let say I can negotiate half of the 3M and seller finance the rest at 10 years.

Louis MSA (Metro Statistical Area) spans 2 states, 15 counties, and nearly 9,000 sq miles making it the 21st largest MSA in the United States, home to 2.9 million people.

Due to higher taxes and home insurance rates, our cash flow has literally been cut in half.

It lost half of its population after 2008.

I just wish I understand half of it lol 

How important is it to have something that is beachfront or very close versus a property that is roughly within walking distance (under a mile to the beach)?