Need Guidance for Down payment Loan
So I signed the contract for owner finance deal. Purchase price is $200,000, appraised currently at $245,000 and my deal with the seller is:
* $10,000 down
*$1,300 per month towards the principal.
*Seller keeps deed until payoff
I would like to get the title so I can leverage via refi, sell etc. I can:
*get $160,000 loan
*Need $40,000 down
Does anyone know of a private money lender who specializes in down payment loans and, if so, what are the terms? I am completely open to whatever terms are available. I am humbly seeking advice on this. I realize this is an easy solution for most investors, but although I am really good at establishing contact with sellers, I am 'amateur hour' when it comes to the logistics of funding. Any guidance is very much appreciated