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Updated about 3 years ago,

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5
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1
Votes
Troy Ronald
1
Votes |
5
Posts

How to secure a substantial size loan from a commercial lender?

Troy Ronald
Posted

Hello BP!,

My partner and I came across a really good opportunity in Detroit. Loan would be around $1.4 million and around another $500k-ish in renovations. It’s a 14 unit apartment building that I would hope to end up selling as individual condos if we could get it approved. What would you guys do to fund the project? Commercial loan and private money for the rehab? Any suggestions are appreciated. 

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