Updated almost 2 years ago on . Most recent reply

What percent of lenders would allow borrowed funds for a borrowers down payment?
I was reading that it’s not exclusively forbidden.
Specifically referring to Pace Morby’s Gator Lending, for a sub to deal for instance
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Hey @Mike Schorah,
It depends on the type of financing you're looking for. If you are using Hard Money for a bridge loan, or a DSCR product gifted funds are ok. You might need to source a large deposit (over $10K) with an LOE, but funds can be gifted.