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All Forum Posts by: Quentin B.

Quentin B. has started 1 posts and replied 3 times.

Thanks everyone for shedding a little light on this topic and giving me some motivation to explore more creative financing and step up my networking when I return to the U.S.   

Thanks for the responses so far.  @Tony Talamas it doesnt meet the $1MM minimum, but nice to know that other options do exist at a certain level.  

@Barry H.  I hear you, but the private lending I've explored so far come with much quicker turnaround times with investors looking for a nice return with higher points and percentages.  I get using private lending for flips, but any suggestions on digging in more on Private Lending for a buy and hold strategy?

I still find it hard to understand why its so difficult to find any info on investor friendly banks.   Don't RE investors go to banks all of the time for projects with money raised from other investors?  I'm assuming all these investors don't have to personally guarantee the loan.  

I, and my two other partners, are completely new and looking to do our first multifamily deal together investing our own money and using a conventional loan. We learned quickly that purchasing through an LLC would be less advantageous.

But we also quickly discovered that many lenders will require all partners to personally guarantee the loan otherwise (meaning the whole loan is on each of our reports) while we would only be able to claim a portion of the rental income (based on our agreed split).  

So, my question is are there investor friendly traditional lenders that will allow one of us to personally guarantee the loan and treat the other two partners as investor loans (We are investing in the Atlanta area)?  

In that same vein, how will that affect Debt-to-Income (i.e. if economic splits are agreed upon can the principal partner capture payouts to the other investors as a management fee)?