I Need an individual investor

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I am wanting to buy the building that my business occupies. The asking price is $750,000. The bank has approved a personal loan to me in the amount of $550,000, indicating that their appraisal of the property does not justify a mortgage loan in the amount of $750,000 , which is the amount offered to the owner from another potential buyer, who, will not rent the property and will be using it for his own business. It is my firm oppinion that the asking price is an appropriate value for the property, and my desire is to continue the business in this location. I have been there since the inception of my business 15 years ago.

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Type: Question • Score: 6 • Views: 1,808 • Replies: 30
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@stansup,

stansup wrote:

I am wanting to buy the building that my business occupies. The asking price is $750,000. The bank has approved a personal loan to me in the amount of $550,000, indicating that their appraisal of the property does not justify a mortgage loan in the amount of $750,000 , which is the amount offered to the owner from another potential buyer, who, will not rent the property and will be using it for his own business. It is my firm oppinion that the asking price is an appropriate value for the property, and my desire is to continue the business in this location. I have been there since the inception of my business 15 years ago.

Do you really believe some stranger on the Internet is going to come forward and invest in the building?

Why not ask family or a close friend?

1 Reply

@jcboy,

hold on a minute, I want in on this.

The OP should send me a mere $125,000 to cover my service charges, and handling, and we can start negotiations.

1 Reply

@chai2,

Me too, especially if I can get the rents Park Place gets!

http://gapersblock.com/mechanics/Tn-500_MON_TD_BB_Blu_ParkPlace.JPG

2 Replies

@jcboy,

That's a little rich for my blood.

0 Replies

@stansup,

Ok I'm in for a lazy 200k, where should I send the money.

Incidentally, I doubt the bank has approved a personal loan, I suspect you mean a loan secured by first mortgage over the asset. Moreover, the $550,000 is not the bank valuation of the property ( a 100% loan is somewhat unlikely) but the prudential limit to risk in this case. Your firm "oppinion" (sic) that the asking price is appropriate is corroborated by what cost benefit analysis, independent or otherwise?

Is it your plan that the additional finance be debt, equity, hybrid or gift based?

My bank told me that the funds would be available the next business day if I borrow under the line of credit but that I can only have same day funds if I withdraw from my accounts so I'm wondering which would suit you best.

0 Replies

@stansup,

You're a f&@$&@ing idiot. I doubt you have any money to invest !

1 Reply

@jcboy,

Good one!

0 Replies

@Germlat,

Quote:

You're a f&@$&@ing idiot. I doubt you have any money to invest !

He didn't mention anything about having funds to invest, what comprehension skills will you bring to the table on this deal?

1 Reply

@nacredambition,

He's trying to take out a loan with the bank..idiot. And then the title: need an individual investor. Maybe you'll sign up for it big ass dummy.

1 Reply

@Germlat,

Quote:

Maybe you'll sign up for it big ass dummy.

I'm happy to consider your wise counsel. What do you recommend?

1 Reply

@nacredambition,

I would recommend you weren't so naive or transparent take a pick.

1 Reply

@Germlat,

Quote:

I would recommend you weren't so naive or transparent take a pick.

Thank you , I'll be having the ice pick.

1 Reply

@nacredambition,

At least your sincere in your stupidity.

1 Reply

@Germlat,

Quote:

At least your sincere in your stupidity.

You're sincerely unabashed.

1 Reply

@nacredambition,

Glad you noticed.

1 Reply

@Germlat,

Your jejune nugatory litany of illiteracy on the thread is abundantly noticeable Germlat.

Your instead of you're, how quaint.

Quote:

@Germlat,

Quote:

You're a f&@$&@ing idiot. I doubt you have any money to invest !

He didn't mention anything about having funds to invest, what comprehension skills will you bring to the table on this deal?

1 Reply

@nacredambition,

You're (your) quite quaint yourself. You notice small irrelevant things and then an online financial predator's tactics completely elude you. I hope the ink isn't dry on the check. If it is there is some online holy water I'd like to sell to you. You seem like the appropriate candidate..never cared much about ping-pong so do me a favor and move on.

2 Replies

@Germlat,

I was a fool. I can't believe I didn't see it. Thank you Germlat. I'm so sorry.

What holy water?

0 Replies

@Germlat,

You do understand that you made yourself look like a total idiot here don't you? Just in case no one else could be bothered pointing it out to you....well, in terms that you can understand anyway.

2 Replies

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