Need Private Lender(s) For Multi-Family

[Roy Callan]

As my first investment, I am interested in a 6-plex for sale in very good condition and fully rented at below market rents in Detroit suburb.  Asking price is about $200K and I have a $50K IOL commitment from a private lender for a down payment.  I have excellent credit and some capital to add but need private financing and/or suggestions to make this happen. No seller financing available.      

[Matt Motil]

If you have excellent credit, you should be able to go to a commercial lender and get a loan.    With your private money assistance you're at 25% down payment. I would suggest contacting @Sean Richway or @John Paul Riturban. Both of these guys are super responsive and great to work with for financing your deals. 

Either way, do your due diligence, make sure it's actually a good deal and then get it under contract. Give yourself 45 days to close for a commercial loan and the money will come if you really have a good deal. Feel free to post particulars of the deal here if you'd like feedback from the peanut gallery on things you might be overlooking or missing in your calculations.