Posted by JT-IN on December 29, 2010 at 14:23:52:
So you are going into the fast food biz…
Curious how much capital you have on hand NOW to do this deal…?
Also curious as to which comm’l lender you will obtain the low 1st mtg financing from…? And what % LTV first mtg do you think you can obtain…? Most are going to want to see you have skin in the game, (some of your own $$$; enough that you won’t walk away from).
Aside from the real estate acquisition how are you funding FF&E for the operation…? What dollar amount have you allocated to spend on FF&E total…?