“I was locked for three years at a 5.05% interest rate ... my blended interest now is probably about an 8.2% right now”
Acquiring Minds · The Roll-Up with No Investors & No Clock
Play from 49:39
49:39
Audio streams from the publisher’s own feed. Verbatim does not host or copy it.
What was described
locked a 5.05% interest rate on SBA debt for three years
5.05% interest rate for three years; current blended rate ~8.2%
Said nearby on the same subject
“Go revalue your property, lock in that equity, get it on an interest only loan ... you can reset the interest only term after five years ... that locks in 10 years, a full decade, of access.”
“Most developers, including myself, are getting capitalized interest, which means I don't have to pay it every month. I pay it when I finish the project, sell down, the bank gets the debt, then the interest rate repayment”
DH
David Hamilton
Inside Commercial Property ·
Automationinterest rates 8-10%, effective rate a couple percent lowerShare this moment
“If the rates are up 50%, we'll go interest only for five years. And basically hope in five years when the loan expires, rates will be back”
“We just hit $2,000 in extra costs related to the war… that breaks down into three broadly three things… higher cost of energy… higher interest rates… military costs”