How would you close the gap on funding?

[Alice Huang]

Hey everyone!

Hope y'all doing well.

Business partner and I are keen on a lot to build a new build. We can afford 5% down and OF the balance with ballon payment in June. Seller wants 20% down. We are using HML for ballon in June when we foresee that's when construction starts.

From your experience, what would you suggest we do to close the gap?

Thank you!

Cheers,

Alice

[Alice Huang]

@JM Payne

Hey JM!

Oops. Wrong wording. I should say we “want to” put only 5% down, instead of the 20% the sellers are asking.

We can do the full lot cost but we prefer to work with HML.