It appears to me that the loan commitment was made and due to acts of the borrower, failing to pay a debt as agreed, the lender pulled the financing under the terms.

What appears to be prudent with respect to balloons is having a significant ( 1/2 ) the principal paid off.

Maybe not exactly when I want them, but they do appear.

The property also has what appears to be individual metering for all properties.

False Expectations Appearing Real.

It appears to me that we are in for another market crash like in 29.

Well all I can say is as soon as you know everything and have a strategy, get ready to alter it in a couple years when you learn what you didn't know you didn't know.I agree .... it appears more important than ever to be nimble and be able to adapt to the changing times ....and that's the beauty of BP - providing timely, profitable strategies for investors!

The forum on that site also appears to be a voluminous source of (mostly subjective) commentary.

Many private lenders in my area use a licensed mortgage broker to place and/or pool their funds so they can charge rates way higher than 10%.The 10% cap in MO that you mention appears to be about who can charge more than the usury rate, and not based on the property use or the borrower.

I hope everything is okay.With this meeting appearing in jeopardy, I am not planning to attend.