Looking for a private money lender for $500k commercial property loan. Property was just appraised for $950k without rental income and $1.2 mil with rental income.
Looking for 8% interest rate at $500k, $40k a year, $3,333 per month. It's a 3 unit, 1 shared restroom on 5,000 sq ft lot, very well secured brick building. Please feel free to call or email for details and any questions. Would be a secured note with the property as collateral. Looking for a 5-10 year term interest only payments.