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  #1  
Old 11-21-2019, 12:13 PM
carla1267 carla1267 is offline
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Smile looking for investor

No longer needed, Thank you for the suggestions

Last edited by carla1267; 11-22-2019 at 05:20 PM. Reason: No longer needed
  #2  
Old 11-21-2019, 01:57 PM
Chellybean Chellybean is offline
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Originally Posted by carla1267 View Post
Looking for someone interested in providing a private mortgage $125k. Terms could be 4%, 5 year balloon with a 30 year amortization or something similar. Mortgage provider would be the only lien holder on the property. This is for a small commercial property located just outside the villages. Excellent credit rating and both Village residents. Any ideas or suggestions, please feel free to respond. Thank you for reading.
If you have excellent credit why don't you go to a bank?
  #3  
Old 11-21-2019, 02:03 PM
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l2ridehd l2ridehd is offline
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I don't you will find investment money at 4%. Maybe 7% or 8% or lower with a small % of the business.
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  #4  
Old 11-21-2019, 02:17 PM
JoMar JoMar is offline
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Originally Posted by l2ridehd View Post
I don't you will find investment money at 4%. Maybe 7% or 8% or lower with a small % of the business.
Or a larger % based on risk.....4% is low
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  #5  
Old 11-21-2019, 03:36 PM
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graciegirl graciegirl is offline
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Quote:
Originally Posted by carla1267 View Post
Looking for someone interested in providing a private mortgage $125k. Terms could be 4%, 5 year balloon with a 30 year amortization or something similar. Mortgage provider would be the only lien holder on the property. This is for a small commercial property located just outside the villages. Excellent credit rating and both Village residents. Any ideas or suggestions, please feel free to respond. Thank you for reading.
What Chellybean said.

I find your request strange...……...
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  #6  
Old 11-21-2019, 04:09 PM
retiredguy123 retiredguy123 is online now
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It doesn't hurt to ask, but 4 percent is way too low. It probably should be at least 8 percent. Have you tried the SBA loan guarantee process through a bank?
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