Financial Information
Where can I find financing for an apartment complex?
In the search for an investor / financier of an apartment complex instead. I want to buy money and pay a reasonable interest rate on loan 6:01 to 6:04%. Prosper does not allow 25k. I need $ 2,900,000. any interested investors. Send me.
response from Serge I’ll
you to contact my e-mail. There are several ways you can do that, but if you for a loan of this size and nature more than likely as a loan Busines prepared to deal with SBA rules will soon be saking.
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#2 written by choice_finance 11 months ago
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#3 written by Nicholas D 11 months ago
That is defined as a commercial loan! The rates on commercial are higher! Around 6.5 and above! You would not be a buisness loan! Since you are purchasing real estate! But with the rents included into your income. You should qualify! As long as the value is not over inflated! You need to contact a local commercial real estate loan officer! You can go to a broker or the local banks! But if your credit is so/so, I would go to the broker! The banks usually only deal with investor with some exsperience. Well good luck! There are other lending sites like prosper! But they will still only give up to 50,000. If you own a home already, you could take your equity out! And use that to purchase this property! but thats alot to risk!
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#4 written by lizzgeorge 11 months ago
You want to pay below 6.5%?? You’re crazy. Not even a bank would do it for less than prime (8.25%) even if you had the best credit, experience, and collateral to offer plus a letter of guarantee (ie you pledge your personal assets as collateral).
Why would any individual lend you money at that rate?? I can get 5.5% in a money market with basically no risk!
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Hi my name is Nicholas D! I love to put exclamation points after every sentence I write! It’s fun! LOL!!!!!!!!!!!