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Updated over 5 years ago,

User Stats

11
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0
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Taras Kokhman
  • Investor
  • DE, PA
0
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11
Posts

How to combine 2 loans?

Taras Kokhman
  • Investor
  • DE, PA
Posted

Hey everyone! I came across a valuable deal in Miami, FL. Its nice cash flowing 5 unit commercial building that is fully occupied and has about 6k income a month. The rents are below market price, so we can do minor renovations, increase rent to about 7.5k a month and increase property value.

The seller accepted our offer of 800k and willing to finance 500k for 5 years. We are looking to finance other 300k to make a purchase. The end goal is to fix up the property, increase value and refinance within 1-2 years and hold it. 
What are the beat ways to finance remaining 300k ? Thank you 

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