The disciple, tenacity, and maturity it takes to succeed in this industry truthfully isn't talked about enough.

They purchased it for $3m, put $750k into it, we expect it to appraise for $5m, and are seeking loan proceeds of $3m.Here are three commercial mortgages that might be a good fit (click to enlarge, if necessary):Not listed there, but from left to right: Points are 1.25, 1.5, and 1.Prepayment penalties are 5 years, no, and no.The way to read "3/25, 15 years maturity" is that the rate is fixed for 3 years then adjusts, it has a 25 year amortization, and a balloon payment at the 15 year mark. 

Stay with me.....Say I get a place that allows me to live rent free for the year I stay there or best case scenario put a few hundred bucks in my pocket and turn a Profit.

Renter is a seemingly mature 50 year old woman with a 16 year old son, dad works away 2 weeks on/ off.

You've got at least a million bucks to develop this software?

Note matured a year ago in September 2020 and still has not been paid back.  

Quote from @Chris Seveney: @Drew SygitSeeing a lot of posts here and on other forums about people buying real estate or making a quick buck, but that’s like someone bragging that they bought a stock that went up the first week.

But in any instance, negotiate an option to extend the maturity date.

You don’t want them denying a claim because you were trying to save a few bucks. 

Thats going to get you the most bang for the buck.