Down Payment Funding

[Amarri Persley]

I’m currently working on a fix & flip project in Danville, KY and I’m seeking a gap funding partner to cover the down payment and closing costs.

[Patrick Roberts]

Quote from @Jay Hinrichs:

Quote from @Ashley Price:

I’m not sure if you meant to tag me but we don’t have up front costs which is why it was not mentioned. These are the terms and lowest rates I’ve seen within my organization. Have a good day

I did mean to and I dont believe you that you have 5% interest rates for fix and flip loans.. bank rates are higher than that by 2 points plus there is closing costs and your broker fees.. I see this as either not real or a big time bait and switch and the OP  simply is a newbie who can get sucked into wasting time and money on deals that are not real.

 I dont believe they have 5% rates for any loans, much less fix and flip. Ten yr treasury is around 4.3% right and that's risk free with high liquidity and a tax advantage. No shot that some private loan at 5% isnt a trap of some form.