Investor · Milwaukee, WI · Member since 2014 · 29 posts · 17 votes
Hello BP!
I am looking for debt investors for an 11-unit apartment building that I am purchasing at the end of August in Milwaukee, WI. I am offering a 7% return over a term and amortization of 15 years. I am looking for up to $125K in at least $25K increments if not funding all. Please reach out with any questions that you may have. Contracts can be provided upon request.
Lender · Boca Raton, FL · Member since 2014 · 1k+ posts · 958 votes
4y
@Sam Domach, if you're looking for debt, why not go with a mortgage broker/bank? What is your LTV at $125k? Is this the first lien position, or a second mortgage?
This would be a second. I have secured 80% from a credit union. Putting up 50% of the down payment myself and looking for the remainder 50% of the down payment through this private money loan. Thanks!
Lender · Nationwide Wholesale Lender · Member since 2021 · 54 posts · 15 votes
4y
Hi @Sam Domach! If you have any other properties, perhaps we could leverage one to get you the remaining capital to complete your purchase. Feel free to reach out! [email protected]