Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
Creative Real Estate Financing
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 7 years ago on . Most recent reply

User Stats

1
Posts
0
Votes
Christopher Morales
  • Rental Property Investor
  • Chicago, IL
0
Votes |
1
Posts

Hard Money Lenders and Banks

Christopher Morales
  • Rental Property Investor
  • Chicago, IL
Posted

Hello,

I am currently looking for a new multifamily investment and was wondering if banks know about the money hard money lenders lend to you? In other words, if a hard money lender gives me 25k to finance portion of the down payment, am i required to disclose this information? 

I am asking because I am trying to purchase a 10 unit, but finance portion of the down payment with other people's money and pay the financed portion back as soon as I close on the loan with my LOC.

Thanks in advance.

Chris Morales

Loading replies...