Updated about 2 years ago on . Most recent reply
Where to get the other 5%
Ok close to a deal but struggling with the money part!! The deal will be 4 units at 230k on one Parcel ( is this an issue with bank?) I have about 20%. I’m being told I’ll need 25% for down payment. I know I need a bridge loan to help cover down payment. How do you pay that off in the time frame allotted. Am I over thinking this? What are the steps in this process? I reached out to several lenders and never got a clear answer