Full Loan for "Transaction Value" and not for Market Value?

[David Codamo]

I am new to the community, and I have question about a deal on a multi-family property of 16 units. If the agreed price on the property is less than 80% market value, would a lender give you the 80% with no money down?

For Example:

1. If the property is worth $400,000, (Market Value) but the transaction is agreed to as $280,000,  ("Transaction Value"), which is 30% less than Market Value making:

2. the "Difference" is greater then 20% of the $400,000.

Then would a lender fully fund the deal with no money down? Since it has been pre-negotiated in the Transaction?

Any information about this topic would be great as well as more resources/terms that you could point me to.

Thank you in advance!

[Juan Barajas]

David Codamo Hi! I am a real estate broker here in Fresno, CA and I was in your shoes looking for full funding from a lender, it's not going to happen, they want you to have some skin in the game meaning you would need to put down anywhere from 20%-35% and they will fund rest. I also have over 11 years experience in property management and Tax Credit, I too am looking in investing and partnering up with investors in the Multifamily business, maybe we can talk business.