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Updated over 6 years ago on . Most recent reply

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1,083
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548
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David Weintraub
  • Lender
  • Berkeley, CA
548
Votes |
1,083
Posts

Trying to Buy Portfolio While Avoiding Big Downpayment

David Weintraub
  • Lender
  • Berkeley, CA
Posted

Friend of mine has been offered a portfolio of properties, 4 buildings, 3 of which have commercial units downstars, 25 total doors, appraised value $3.5M. Borrower can buy it for approximately $2.5M.  Except the borrower would need to put down approximately $500,000 minimum, and he doesn't have that.

He does have a few other SFR properties, but can't sell them in time to make the deal work.

I told him he needs a private investor, but it doesn't seem he's going to find this. 

Solution?

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