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Updated about 3 years ago on . Most recent reply

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Zachary Koran
  • Real Estate Broker
  • Chicago, IL
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Can I BRRRR a project with less than 25% down?

Zachary Koran
  • Real Estate Broker
  • Chicago, IL
Posted

I am an experienced broker in the Chicagoland area and am looking to get into investing. I realize that value add is the best way to BRRRR - are there lenders ( either traditional or hard) that will loan on acquisition and construction costs with less than 25% down from the investor on a project?

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Grant Thompson
  • Investor
  • Washington, D.C
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Grant Thompson
  • Investor
  • Washington, D.C
Replied

Zachary,

This is possible, Hard Money lenders will finance up to 90% of the purchase price and 100% of the rehab costs, but typically require some experience.

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