Quote:
Originally Posted by bsiciliano
I think you need to find a new lender, period.
In most states the rate he is charging in usurious and illegal. In fact, even my credit card rate is less than 20%.
Please tell me you have an attorney representing you in these transactions. Too many people are Pennywise and pound foolish.
Good luck.
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Trust me, this is something I would
LOVE, it's just not easy to get a lender that is able to help. I do have an attorney but unfortunately since it would be a private deal, there is no restrictions as far as interest is concerned. Although I do agree, it is a lot of money I a, looking at the long term return I will receive from the business.