Talk of The Villages Florida

Talk of The Villages Florida (https://www.talkofthevillages.com/forums/)
-   Investment Talk (https://www.talkofthevillages.com/forums/investment-talk-158/)
-   -   looking for investor (https://www.talkofthevillages.com/forums/investment-talk-158/looking-investor-300133/)

carla1267 11-21-2019 12:13 PM
looking for investor
 
No longer needed, Thank you for the suggestions:)

Chellybean 11-21-2019 01:57 PM
Quote:
Originally Posted by carla1267 (Post 1696506)
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?

l2ridehd 11-21-2019 02:03 PM
I don't you will find investment money at 4%. Maybe 7% or 8% or lower with a small % of the business.

JoMar 11-21-2019 02:17 PM
Quote:
Originally Posted by l2ridehd (Post 1696521)
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

graciegirl 11-21-2019 03:36 PM
Quote:
Originally Posted by carla1267 (Post 1696506)
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...……...

retiredguy123 11-21-2019 04:09 PM
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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