Anyone lending 15% Down on a 2unit Investment?

[Brian Harrington]

Long story short, I'm in a bit of a pickle. My lender made a critical error and the 15% down on a 225k Multi investment property we discussed jumped to 25% post Purchase Agreement. Jumping from 33k to 56k down before closing costs would be spreading me too thin. I'm in CT having zero luck finding what I'd need locally and anything that seemed to exist has been squashed since COVID. Any insight or options out there?   

Thank You,

Brian

[Chris Mason]

Originally posted by @Brian Harrington:

Long story short, I'm in a bit of a pickle. My lender made a critical error and the 15% down on a 225k Multi investment property we discussed jumped to 25% post Purchase Agreement. Jumping from 33k to 56k down before closing costs would be spreading me too thin. I'm in CT having zero luck finding what I'd need locally and anything that seemed to exist has been squashed since COVID. Any insight or options out there?   

Thank You,

Brian

 

For agency loans, the 15% down niche applies to SFR rentals, or duplex primary residences. Someone (I'm not in a position to speculate on who) tried to mix-n-match, mis-stated, or mis-understood, something.