All Topics / Help Needed! / Need help to purchase Motel

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  • Profile photo of trevor Lakertrevor Laker
    Member
    @trevor-laker
    Join Date: 2007
    Post Count: 6

     

    I have $100K dollars and am looking at purchasing the motel that i have  a lease on for $550K. is their anyone out their that would lend this much money on a commercial business loan? at the moment I pay $70K dollars a year rent and I am sure i could get a Mortgage much cheaper! I also have $30K to cover legals stamp duty etc.

     

    Profile photo of Mortgage HunterMortgage Hunter
    Participant
    @mortgage-hunter
    Join Date: 2003
    Post Count: 3,781

    This is a specialised area – I can put you onto someone if you like – just drop me an email with your contact details.

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