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Updated over 13 years ago on . Most recent reply

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63
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20
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Kevin Priester
  • Investor
  • Lake Mary, FL
20
Votes |
63
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Is there non recourse financing for vacant distressed multi family properties?

Kevin Priester
  • Investor
  • Lake Mary, FL
Posted

In todays market are there any lenders doing SBC lending on 100%vacant properties in need of repair? And also is there such a thing as a non-recourse loan in this arena??

Most Popular Reply

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782
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Darryl Dahlen
  • Commercial Loan Officer
  • Southern Maine, ME
415
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782
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Darryl Dahlen
  • Commercial Loan Officer
  • Southern Maine, ME
Replied

There is precious little non-recourse financing for performing assets, and the most aggressive of those loans are HUD's commercial programs, but even those fall short of 100%.

Traditionally, 100% commercial financing is something only the scammers claim to have access to.

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