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SignUp Now!V as in CMHC's V or actual market value ? What fee did you pay for this 85% loan ? 4.5% ?We did a 85% LTV in Calgary at 1.86% last week, five year term, 25 year amortization.
V as in CMHC's V or actual market value ? What fee did you pay for this 85% loan ? 4.5% ?
CongratsV as of purchase price + reno. We paid 4.5% to CMHC. Thanks
Congrats
What kind of asset was that as 85% LTV is extremely rare these days ?
We did a 85% LTV in Calgary at 1.86% last week, five year term, 25 year amortization.
Hi Developer we are also refinancing near Calgary our 11 doors would you mind to recommend the broker ?
It was TD.Congratulations. Amazing rate. Who was the lender?
Hi,We did a 85% LTV in Calgary at 1.86% last week, five year term, 25 year amortization.
That is how I bought my first few buildings in the early 2000's .. 15% down. Hard today.but because you put only 15% down - and that's how you start in this business.
Hi,This seems like an extremely rare case, congrats!
That is how I bought my first few buildings in the early 2000's .. 15% down. Hard today.
Hi,Yes I still own assets bought as far away as 2004 ..
We transacted about 40 buildings worth over $200M since 2000 and own about ten today .. See my upcoming article in the May REIN magazine aboutHi,
Nice. What percent of the buildings you purchases more than six (6) years ago, do you still own? Like 25% or 75%?
In other words, do you still own most of them or sold most of them?
Thanks
Guess what you meant is that your average building was sold for about $5M(?) {and purchased for significantly less}We transacted about 40 buildings worth over $200M since 2000
Interesting. If I understand correctly, you sold about 75% of your buildings. If I recall correctly, in another thread of yours, you recommended the opposite - as a rule of thumb not to sell - only refinance.We transacted about 40 buildings .. and own about ten today
Will read your article when posted.See my upcoming article
But you sold Most. so you still don't believe in selling but had to sell for different reasons.Yes, on average, refi not sell.
This too I do not understand. With a good appraiser who understands our business you are often able through tax free re-fi to take out at least the same $ amount as selling.Or to fund kids university education and trips to Europe.