Updated almost 12 years ago on . Most recent reply
Obtaining funding on a commercial deal
Hi, everyone. My husband and I are new to this site but couldn't be more impressed with what we've seen so far. We are first in line for a deal with plenty of potential but have since learned that funding will be complicated as it's a six plex. It can be rather difficult securing funding even on a solid deal when they require hefty down payments. This particular unit is in a semi rural location and the asking price is $135,000. Many of the lenders we've been contacting don't even fund commercial deals that are that small. Any suggestions? Volunteers? Guidance? Thanks!