Second position loan on commercial proprty

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Erik EstradaBusiness Member
Lender · Member since 2022 · 6k+ posts · 1k+ votes
2mo

You might want to try calling local commercial banks. These are very tough to find and will require a lot of legwork and due diligence on the lender. 

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  • Erik EstradaBusiness Member
    Lender · Member since 2022 · 6k+ posts · 1k+ votes
    2mo

    You might want to try calling local commercial banks. These are very tough to find and will require a lot of legwork and due diligence on the lender. 

    [email protected]818-269-7983
    LuxePrivate Investments LLC 572 Reviews
    WebsiteView Page
    1Reply
  • Mike GrudzienPro Member
    Lender · Eugene, OR · Member since 2019 · 2k+ posts · 1k+ votes
    2mo

    Second position, ouch...

    0Reply
  • Shiloh LundahlPro Member
    Rental Property Investor · Gilbert, AZ · Member since 2016 · 3k+ posts · 4k+ votes
    2mo

    I built my portfolio with second position loans. Most of them were private money loans with people I had good relationships with. 

    Explain more about the property, the leverage, the cash flow, what you plan to do with the money, etc.

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  • Tom S.
    Real Estate Investor · Burlington, VT · Member since 2010 · 2k+ posts · 1k+ votes
    2mo

    @Tal P.  As mentioned above, try to work with local commercial banks.  Up in VT, I have a 5 unit where I did a 1st position with a local bank and 2nd position seller finance, and it wasn't a problem as long as the appraisal and rental income supported the combined loans.

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