Commercial Real Estate $0 Down Deal Structuring
I have a deal that I'm looking to Structure correctly using Down Payment Assistance.
Feedback is greatly appreciated for this deal:
Hotel/Motel Purchase and Rehab
Purchase Price $750,000
Rehab Estimate $500 - 900k
Current Appraisal $2mil
My goal is to:
Purchase this property with none of my own money
Use the equity in the property towards the down payment assistance
Close and put cash in my pocket at closing for working capital
Finance both the PIP rehab and purchase with one loan if possible and one closing
Obtain new appraisal and permanent financing once the PIP rehab is complete