Financing

[Jacob Casarez]

Can a bank or lender finance 100% of a deal if I were to get an offer accepted for less than 80% of the property's appraised value?

[Bill Gulley]

Hi, the rule is, the loan to value is based on the sale price or appraised value whichever is less. So, with that, no.

Now, on a commercial loan, if you have assets, a good relationship with a lender and experience, it may be possible to get 100%, even more on the rehab side as construction funding.....but most can't swing that. :)