Without lending the real estate world will not go around very much. It is possible to get loans. They do really put the lender through the ringer nowdays. If they fund at all.
So what rate do we put into the calculations as we evaluate the loan portion of the buy - don't buy evaluation. that oh so nebulous "Does it make Seance" that I hear all the buyers ask. Do i pencil it or work out detailed spreadsheets?
I'm a bit geeky so you know the answer to that. But the Loan rates...
This came in on my email today. Looks rather good. Market still getting really nice rates. But will they loan on your building. Lets find out.
Call me to review your criterion for buying an apartment building
Keith
310-391-0821
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