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Updated over 11 years ago on . Most recent reply

User Stats

40
Posts
2
Votes
John Zuch
  • Investor
  • Raleigh, NC
2
Votes |
40
Posts

Obtaining funding on a commercial deal

John Zuch
  • Investor
  • Raleigh, NC
Posted

Hi, everyone. My husband and I are new to this site but couldn't be more impressed with what we've seen so far. We are first in line for a deal with plenty of potential but have since learned that funding will be complicated as it's a six plex. It can be rather difficult securing funding even on a solid deal when they require hefty down payments. This particular unit is in a semi rural location and the asking price is $135,000. Many of the lenders we've been contacting don't even fund commercial deals that are that small. Any suggestions? Volunteers? Guidance? Thanks!

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