Laundromat Resource › Forums › Financing › GETTING A PRIVATE LENDER FINANCING

last updated by Dante Roa 1 year, 6 months ago
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    • October 8, 2021 at 8:33 am #7104
      JB Andrews
      Participant

        Do to poor book keeping of the current owner. I’m in the early stages of a private individual financing a $500k buy of two locations. They are good with a 10% down payment. A fair monthly payment (probably in the $5k range).
        My question is what is a fair interest rate to charge someone with excellent credit on a 15-20 year note?
        What amount should a balloon payment be at the end of a 24-36 months payment history?

      • March 9, 2022 at 3:22 pm #15150
        Heather Balaam
        Participant

          Hey JB, reaching out to see how this unfolded for you.

        • June 7, 2022 at 6:27 pm #16569
          Dante Roa
          Participant

            Yes JB am also interested in this. Would appreciate an update.

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        Laundromat Resource › Forums › Financing › GETTING A PRIVATE LENDER FINANCING