Posted by Ed Garcia on December 31, 1999 at 18:59:26:
Sorry to say, $1,000,000 loan is not a large loan by today’s standards.
As a matter of fact there are many insurance companies, and other pensions
that won’t look at a deal unless it’s at least $5,000,000.
I would stroll down to my local bank, and go to work. The Bank would like
to see a LTV of 70%, but will look at a good at 80.
The one thing that the bank will want, is a banking relationship. With that in
mind you might start with your own bank.