Term financial loans for a debit card
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Apartment building loan
sources are numerous to say the very least. Before speaking with anyone it's helpful
to have a "yes" or "no" answer to the following questions:
- Is the property fully leased (about 95%)?
- Do you want to borrow more than
80% of today's value?
- Are you willing to re-finance the property or are you
planning on selling
in the next 3 years or so? - Will you accept a loan with
a large prepayment penalty?
- Do you expect leasing activity in the building
over the next 3 years
(either from existing or new tenants) to increase the
property value
greater than 25%? - If the property value is increasing more
than 25% over the next 3 years,
will the loan request today be 75% or less
of the increased value? - Will 50% of the building leases expire in any one
of the next 3 years?
- Are you installing land infrastructure, gutting the building
or converting the use?
- Is the property value greater than $10 million?
Have
your answers for these questions ready when contacting any of the funding sources
we match you with in our free directory.
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