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All Forum Posts by: Aaron Anderson

Aaron Anderson has started 2 posts and replied 6 times.

Post: PML interest rate?

Aaron Anderson
Posted
  • Posts 6
  • Votes 1
Quote from @Aaron Anderson:
Quote from @Doug Smith:

Our minimum loan is $100K, so this isn't going to exactly jive with your amount in your post, but we closed an investor construction loan today at 11% with 2.5% in points. He is a very experienced, savvy investor. We can go up into the 12%s and up to 3.9% in points for less experienced investors. Renovation loans run about the same. 

Thanks for your help!

Post: PML interest rate?

Aaron Anderson
Posted
  • Posts 6
  • Votes 1
Quote from @Doug Smith:

Our minimum loan is $100K, so this isn't going to exactly jive with your amount in your post, but we closed an investor construction loan today at 11% with 2.5% in points. He is a very experienced, savvy investor. We can go up into the 12%s and up to 3.9% in points for less experienced investors. Renovation loans run about the same. 


Post: PML interest rate?

Aaron Anderson
Posted
  • Posts 6
  • Votes 1

Thanks for the feedback everyone!

Post: PML interest rate?

Aaron Anderson
Posted
  • Posts 6
  • Votes 1

Regarding a private money loan for renovation, what points and interest rates are you paying for 20K - 50K loan from a PML? Term would be simple interest loan for 3-6 months. Lender is in Colorado and the properties are in Kansas and Texas. Thanks for your help!

Post: Commercial office sub lease question

Aaron Anderson
Posted
  • Posts 6
  • Votes 1

Thanks.

Post: Commercial office sub lease question

Aaron Anderson
Posted
  • Posts 6
  • Votes 1

I have a commercial office space in Boulder Colorado 80302,  that I currently occupy and I want to lease it out on the days I am not using it. It's available five days per week. l have a real estate attorney on retainer to draw up a contract when I find a tenant to make sure I do not violate my current lease in any way. This lease will be up for renewal 9-1-22

Should I send the landlord the letter of intent to sublease before or after I learn what his new terms are for the new lease.

Are there any resources I can use to determine what the space should lease for? It is 750 Sq ft., fully furnished and ready to use.

Where would you suggest we advertise the space for lease? 

Should I rent it at a monthly rate or just by the number of days the new tenant wants to use it. They might only need it for two days a week. 

Thanks for your help!