Updated almost 5 years ago on . Most recent reply
130+ Unit Purchase / Lending Help Needed
Hey BP Nation.
I'm looking to purchase into this asset class and need help landing the remaining $4.3 mil of a $12 million deal. $7.7 million is required to be an assumed mortgage or seller cannot sell. (They can but adds a $1.2 million pre-payment penalty from lender). I'm looking to Bigger Pockets for suggestions on how to secure the remaining amount. I'm an avid listen to BP podcast. I send requests into hard money lenders. What else do you suggest? Do I pull in partners (I have a few) or seek private money?
All help is appreciated!
-Ryan
- Ryan Prichard
Prichard Properties - Glover Agency KW
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