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Updated over 4 years ago,

Justin Shankus's profile image
Justin Shankus's profile image
Justin Shankus
  • from Utica, Michigan
  • Member since Mar 1, 2017
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Justin Shankus's profile image
Justin Shankus's profile image
Justin Shankus
  • from Utica, Michigan
  • Member since Mar 1, 2017
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Justin Shankus
  • Utica, MI
1
Votes |
4
Posts
Land & New Construction

Blanket or portfolio lending in Michigan

Justin Shankus
  • Utica, MI
Posted

So I've come upon a package deal of SFH and one 6 unit apartment in Central Michigan. The asking price is $275k, 95% occupied, and has decent cash flow.

The problem, lenders will not touch a deal under $500K w/multiple properties.


My question is this, what are my options to get this (seller financing, another lending institution that will do this deal)?  

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