Chris Mason
$3m / 60% LTV Assisted Living Facility Refi - Financing Survey/Review
15 July 2024 | 3 replies
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.
Sousie El
Buying a property without a realtor
15 July 2024 | 4 replies
Since I'm still new to this, would the community here please suggest what I should do to make sure I'm protected and good?
Greg R.
Anyone else having issues w/ VRBO?
15 July 2024 | 24 replies
I also tried to find a good site for executive rentals but there doesn't seem to be much out there.
Alexander Blake Summers
Location Analysis Method
15 July 2024 | 23 replies
Can you afford to live in Hawaii and self-manage, or do you have to hire a property manager when the good ones are extremely difficult to find?
Aqsa Mughees
Need guidance and options
15 July 2024 | 4 replies
there are lots of options with you budget I invest in toledo where cost efficient properties are available in good areas More then willing to chat about it
Ryan Tongue
Finding bank for new LLC
14 July 2024 | 9 replies
I'd also really appreciate any thoughts on choosing a big national bank vs. a smaller organization, as well as advice on how to filter through banking options to find a good fit.
Dayton Bourassa
First 4 Unit Looking for Feedback
14 July 2024 | 13 replies
I still think you have a good property!
Yannick Vez
Hi new hands-off investor
11 July 2024 | 6 replies
For someone that's not as conservative, or a different view on the cycle, they might have a different opinion than me on all of this.2) Sponsor quality check: (takes about 45 minutes per deal)I believe that a great sponsor can take an average looking deal and make it great, and that in mediocre sponsor can take a fantastic looking deal and make it bad (especially if there is a severe recession).