Podcast: Download (Duration: 7:00 — 6.9MB)
In this episode, we talk about how we funded this acquisition and why we went with a Credit Union instead of agency debt. We got really good terms, as OFTEN happens when you deal with a credit union. We were able to fund 80% of the purchase price on a 10-year fixed rate and amortized over 25 years. The rate was 3.5%.
Did I mention no prepayment penalty! You read that right.