All Forum Posts by: Karen Peck
Karen Peck has started 0 posts and replied 6 times.
Post: Need: commercial lenders in Paragould or Jonesboro Arkansas?
- Posts 6
- Votes 3
Hi, how would I be able to join this zoom call?
Post: Need: commercial lenders in Paragould or Jonesboro Arkansas?
- Posts 6
- Votes 3
Sorry. Just saw you got approved. Congratulations!
Post: Need: commercial lenders in Paragould or Jonesboro Arkansas?
- Posts 6
- Votes 3
This is what I was told.
15% down, 3.76% 5 year fixed, 20yr amortization, no origination fee, need to pay appraisal fee
3.59% fixed for 10 years, 0.5% origination fee, but there are criteria you have to meet in order to get this product. I forgot to ask how long it amortizes and I failed to write down how much down
3.99% fixed for 5 years, 25 year amortization, 30% down
I don’t know if I got the above terms because I’m local or if that’s standard
Good luck!
Post: Need: commercial lenders in Paragould or Jonesboro Arkansas?
- Posts 6
- Votes 3
PM me. I just called about commercial loans locally (Jonesboro) yesterday. One was recommended to me by my realtor the other was recommended to me by another banker.
Post: How do you finance a $22,000 rental in Memphis?
- Posts 6
- Votes 3
@Ben Roberts
PM me and I can give you the name of someone who does do loans that are under $50k. Most traditional lenders will only loan $50k and above. I don’t know what the rates would be but it might be worth talking to him