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26 February 2024 | 10 replies
Feel free to reach out anytime with loan related questions.
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26 February 2024 | 1 reply
We don’t know where we’ll be or what we’ll be doing when we reach retirement, but we sure get shown lots of pictures of happy people playing golf and lounging by the beach and eating at buffets.
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26 February 2024 | 5 replies
If you would like to chat about potential strategies for investing in Grand Rapids feel free to reach out.
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26 February 2024 | 13 replies
You could offer them 1/2 or whatever ratio you feel is fair given the circumstances and they can write you a check for that amount to walk away.Another thought, if there is a way you can find out where they are moving, a forwarding address etc, I'd reach out to that new LL or owner and explain the situation to them, I have a feeling the tenant didn't disclose that they have an existing lease as a liability in their financials when the applied, and there may be some application fraud etc at play here that the new LL would likely want to know.Think about this from your own point of view, I doubt if you picked up and left one of your subway locations that the the LL would just let you leave.
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26 February 2024 | 11 replies
I would recommend reaching out to other lenders that have a better understanding of your line of work.
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26 February 2024 | 29 replies
Have reached out to a few lawyers but haven’t been able to connect with anyone yet.
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25 February 2024 | 15 replies
In addition, you can reach out to a local hard money lender (not a national lender) and they will point you in the direction of fix and flippers who would make an offer.
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26 February 2024 | 0 replies
Despite numerous attempts to reach the listing agent, we faced silence.
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26 February 2024 | 2 replies
Also, you should be focused on constuction lenders who offer best leverage (usually those who will capitalize interest reserve & finance a portion of the soft costs), lower floors on the rate since most banks tie their construction debt pricing to the fed rate, perhaps offer lower or no pre-payment penalty if the property reaches the permanent financing phase of the loan product before you are able to refinance and low or no required depository relationship outside of the actual operating ccount.