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Updated over 4 years ago on . Most recent reply

User Stats

72
Posts
10
Votes
Riley Hinshaw
  • Flipper/Rehabber
  • Highland, CA
10
Votes |
72
Posts

Private money loan to cover down payment

Riley Hinshaw
  • Flipper/Rehabber
  • Highland, CA
Posted

I’m wondering if anyone could offer advice on how to get a private lender to cover the down payment/ closing costs of a hard money loan. If I brought a great deal to the table and had a hard money loan lined up, how would I convince a private lender to cover the down payment etc for a percentage of profit ? Would hard money lenders Be willing to work with a private lender for the down payment? Will both of the lenders want their name on the deed ? 

Any help is greatly appreciated. I am currently trying to structure a deal like this!

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