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re: Is it possible to get a 1 mil real estate loan with 10% down
Posted on 6/22/18 at 12:47 pm to Finch
Posted on 6/22/18 at 12:47 pm to Finch
I'd also like to know what interest rate you have in your formula to 'cash flow'. Because without knowing if you can even loan the money, I'm guessing that you have no idea what your rate would be?
A $900k loan is going to be a higher rate then a $250k mortgage. Usually a good 1% or more higher than prime in my limited experience. But I wouldn't doubt you'd be looking at more than that.
A $900k loan is going to be a higher rate then a $250k mortgage. Usually a good 1% or more higher than prime in my limited experience. But I wouldn't doubt you'd be looking at more than that.
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