Financing eligibility question

[Jeremy Holleb]

Hello everyone. I’m in a bit of a weird situation and wanted to ask for advice. So I recently got laid off from a startup company. The timing was very inconvenient because I was ready to start approaching lenders for financing on a multi family apartment building. I have $230,000 of my own money ready to go but I’m between jobs. Will this impact my ability to get financing? Looking for a friend! Thank you!

[Stephanie P.]

@Jeremy Holleb

If you have excellent credit and enough cash to pay 25% down plus closing costs, just do a portfolio loan that requires no income verification and call it a day.

Stephanie