This could be useful information if you need to push back on this and you might want to consider floating some questions back to the landlord about the depreciated worth of the door and hint that you are not expecting to pay for a whole new door.  

Probably less so up towards Banner Elk and Beech Mountain.

From reading some of those threads, it seems like ODC was overpaying for commercial real estate in the last couple of years using floating rate short term maturity debt with limited rate cap insurance, and got caught when 10yr went from 2% to only 4.2%.

I invested in one of his lackeys listed on this forum and listened to another that's floating around here somewhere.

So it already has to be a REALLY good deal.Best I’m using for my clients right now is a 90/100/75 program up to 92.5% LTC that can float down to 10.24-10.49% for 12 months, interest on drawn funds only, at 2-3% origination.

Let’s say half of those have floating rate debt and are in trouble, that means only 5% of the MF properties are in trouble AT MOST.So there is some distress but it is limited.

Plenty of sponsors showed big returns, but then got floating rate, high leveraged debt and overpaid for properties.

Looking for insight into borrowing money to cover down payments and floating capital between renovation draws.

They were based on assumptions that low floating rates would stay low forever and so would cap rate compression.

You do not want to use it for a down payment where you will end up having to float it for 3-5 years before you can refinance the next home to pull out enough cash out to pay it off.