Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
Multi-Family and Apartment Investing
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 5 years ago on .

User Stats

67
Posts
15
Votes
Douglas Curtiss
  • Investor
  • Connecticut
15
Votes |
67
Posts

Unique Financing Question on Small Multi-Family

Douglas Curtiss
  • Investor
  • Connecticut
Posted

I have a unique (I think) situation.  I am looking to purchase a duplex / triplex in a Trust to have as a longterm buy and hold rental for cashflow.  The Trust has about 75% of the purchase price in cash. So I'd like to put down 50% and finance the rest.  The issue is, since it is in the Trust, I cannot personally guarantee the loan.  It has to be nonrecourse loan.  I've checked out the Mortgage Lenders and Hard Money Lenders here on BP and either they don't lend in Arizona where the properties are or they only lend short-term and don't offer lending for long-term buy and hold.  Does anyone have any recommendations?