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Recent Posts
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MalibuNation 1,009
Here's where teak swim platforms came from if interested:
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IXFE 14,049
On 4/16/2024 at 9:08 PM, 85 Barefoot said:Touché. Floor plans are unique as to their terms obviously. Not just a simple line of credit collateralized by individual units.
That said some googling tonight doesn’t seem 5% is that off base? Is it? Of course, big difference between googling and signature lines. Enlighten us on a reasonable rate charged for a unit sold in a reasonable timeI don’t know much about how floor plans are priced. But I do know this…
the current fed funds rate is 5.33% while SOFR is 5.31%. Those are the banks’ overnight “wholesale” rates.
Commercial lending is typically quoted at SORR + X%. So a 5% rate on a loan of any kind would mean the bank is literally giving $ away.
That’s why I said… if you know of such a bank, please DM me their contact info.
Even your 7.5% number is not realistic given experiences I have with large commercial lending (which I won’t elaborate on).
Trust me, these guys are paying double digits, and that’s not all that uncommon, especially considering their credit rating (which I’m sure wasn’t super attractive even before this melt down).
The 13.5% quoted above is perhaps higher than I would have guessed, but also not surprising.
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Pnwrider 6,312
Gel coat is tough, I’d start with a wool pad and medium cut polish. I’ve been impressed with both the cutting and finishing capabilities of wool.
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athingisathing 1
So I found out allllllll about those connectors today once I can figure out how to post images I can help everyone understand the last post lol!!!
basicly b is high thermal and balck
There is gray green and others...
p and s are male and female metal conector type.
dto6 is the connector housing type...
I will also put up the final final design.... but this should let me keep the oem warenty. So I can plug it all back in if things need fixing.
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justgary 6,901
11 minutes ago, kcpilotpat said:I ran the calcs and I got a different number. The shaft is 1.125 I assumed a yield strength of 100,000 psi. moment=yeild(I)/r moment = 14,000 in lbs. at 9" 1500 lbs will yield the shaft. did I do it wrong?
I did use a 1.25" shaft for some reason. Never do math in public!
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