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Will Gaston
Pro Member
  • Rental Property Investor
  • Columbia, SC
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South Carolina Lenders That Allow Subordinate Financing?

Will Gaston
Pro Member
  • Rental Property Investor
  • Columbia, SC
Posted Sep 26 2016, 10:29

South Carolina Investors:

Does anyone know of any South Carolina banks that will allow subordinate financing on investment property (residential or multi-family)? 

I've come across some deals that the seller is willing to hold back a second mortgage of 15% and another deal where the seller was willing to hold back a second of 20%.  I'm trying to put down as little as possible. Arthur State and First Palmetto seem open to it, but was curious if anyone knew any others? 

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