Financing for Sub- $1mm deals-

[George G.]

Hi, my partner and I are in the process of getting our first deal. Since it's our first deal, we want to start small. So ideally a 10-20 unit, under $700k-$800k. 

This is in Houston, TX. Our credits are perfect and we have the cash to close. But the securing financing is becoming a little hard. Does anyone have any ideas to secure sub-$1mm loans for multifamily assets in Houston, TX?

We are looking for competitive terms so that the cash flow still makes sense. Even .5-1% can kill a deal. 

Please, any suggestions, tips, comments will be helpful. Trying to close something before the holidays.