What type of loan can I get for this?
I have raised money from private investors. Total amount raised is $1 million. I am currently looking to purchase a multifamily project worth around $3 million. However the issue is my personal financials. My net worth is about a $100k. I know no bank will be willing to lend me $2 million given my personal assets. Are there any institutions out there that would do this? I am okay with a higher interest rate. I also understand that I will not be able to give a personal guaranty due to the limited personal net worth.