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36
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Monica Soyemi
  • Real Estate Agent
  • New York City, NY
15
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36
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HARD MONEY HELP IN WESTCHESTER COUNTY

Monica Soyemi
  • Real Estate Agent
  • New York City, NY
Posted

So many hard lenders want 20% of the purchase price as a down payment, in a market like NYC having 20% down is tough. What's another way to acquire hard money loans without such a huge down payment?

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189
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132
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David Bilandzija
  • Lender
  • Venice, CA
132
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189
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David Bilandzija
  • Lender
  • Venice, CA
Replied

@Monica Soyemi You can look into being creative with the financing by combining a seller carry back loan with hard money financing.  The limits will vary from lender to lender/deal to deal.  Try expanding the lenders you are speaking with to include private portfolio lenders.  Good luck.  

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