i’ve got a call and the rep went like my platinum membership with the 00 small business CREDIT LINE has been approved and they wanted to see if i would’ve liked to activate the proccestin of it and he said the interest rate is zero and there ain’t any kindda proccessing charges…i’ve never applied for one but i kindda need this and i really don’t know what can i do with a credit line…apart from phishing call and all that i just wanna see what is the benefit of credit line and how does it work.

Let’s say I want to buy a commercial property for 200K and don’t want to put do 30% and get into an 8 – 10% interest rate commercial mortgage. I own a very profitable company which grosses 1M per year, Bank are always offering this company large loans or equity lines on the business. What is my company borrow me some money, at a fair interest rate of say 5% simple interest and I use it to buy this property ?

What are the advantages and disadvantages? From what I can see. I will have lots of money on the loan (interest) and not have to make a large down-payment and I’ll own the properly free and clear.

Thanks guys.

Let’s say I want to buy a commercial property for 200K and don’t want to put do 30% and get into an 8 – 10% interest rate commercial mortgage. I own a very profitable company which grosses 1M per year, Bank are always offering this company large loans or equity lines on the business. What if my company borrow me some money, at a fair interest rate of say 5% simple interest and I use it to buy this property ?

What are the advantages and disadvantages? From what I can see. I will have lots of money on the loan (interest) and not have to make a large down-payment and I’ll own the properly free and clear.

Thanks guys.

I am buying a property that is 2.1 acres. It has two 4 apartment complexes, but because they are on one big deed I have to get a single commercial loan instead of an FHA. The commercial lender suggested seeing if it was possible to split the deed into 2 so I could save on my interest rate (7% vs 10.625). Does anyone have experience with this? How would I go about splitting the one deed into two, with one for each of the buildings?

I am looking to purchase a piece of raw land to build a commercial building that is going to cost around ,000,000 to build and that does include the cost of the land if I bought it outright. The land I am looking at, the owner is willing to Owner Finance it. I need 20% down payment on the bank loan so I need to put up 0,000 down payment on the loan. I do not have the 0,000 cash on hand so therefore the owner of the land is going to finance the land for 10% down payment on the 0,000 sale price with his own interest rate. My question is, if I pay the owner ,000 down payment on the land how much equity will I have on the land? Will I have the full 0,000 worth of the land or only the ,000? Do I have to ask the owner to release the title of the land to my name so that I get the full equity from the land?

I want my cash down payment on the bank loan to be as low as possible. Want to use equity on land as source for the down payment along with cash.

Does anybody now off a lender that would give a good interest rate for a tire 4 loan? the property is located in Ohio.

thanks

I have been talking with brokers and I am trying to figure out what are the critical factors that determine interest rate. Is owner occupied better than Investment, how much does it matter how the property is used does tradesman storage (electricans, plumbers) get a better rate than auto painting and manufacturing. The questions seem to have impact ,so I would like to know how they work. Can anyone explain the criteria model.

We just refinanced 2 rental properties from commercial loans to 30yr non owner occupied loans for a better interest rate. But now the deeds are back in our names than in our LLC. We want to protect our personal assets as much as possible and have been advised by our accountant to remove my name from our personal property deed, and to do a quit claim deed to put the rental property back into the LLC, and removing his name from the LLC.

I talked to one "businessman" who wants to borrow money at 100% interest rate. He says that in California there is no limit on hard money loans. Is he trying to scam people?

current terms are 10 year Amortization with a 5 yr balloon with an interest rate at 8.125% (approx 500,000)

can refi with another lender with same terms with 8.00% (approx 480,000)

or can refi with original bank at 7.625% with one year of the original note being paid down already?

This question is for the business owners. What is the interest rate on your business line of credit? And how much is your line of credit? I just want to get a feel for what people are paying and what credit lines business owners are working with. Thanks!

Looking for an investor/financer of an established apartment complex. I would like to borrow their money to purchase and pay a reasonable interest rate 6.1-6.4%. Prosper only allows up to 25k. I need 2.9 Mil. an interested investors. Email me.