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Updated over 4 years ago,

User Stats

19
Posts
9
Votes
Jeff Jansen
  • Property Manager
  • Upstate NY
9
Votes |
19
Posts

Large portfolio purchase funding

Jeff Jansen
  • Property Manager
  • Upstate NY
Posted

I have been working to sell a large portfolio of 49 properties & 52 units in upstate NY that are fully occupied and stable. The portfolio LLC is owned by a bank and has management in place. With the offers that have come in I'm starting to think I am crazy to not just purchase this myself. It is 52 units with a net of over $273,000 a year. The bank is willing to finance the deal with 20% down. So here is where my question comes in, what is the best way to get funding for the down payment which will be around $360,000.

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