Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Private Lending & Conventional Mortgage Advice
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 3 years ago on . Most recent reply

Account Closed
1
Votes |
2
Posts

Looking for a down payment loan for a apartment building

Account Closed
Posted

I intend to purchase a 5-million-dollar apartment building in Florida. I received a 3.5 million loan approval from a bank. I require a second loan of 1.5 million dollars. Could someone please tell me how to secure a down payment loan? When I called private money and hard money lenders, they stated they couldn't give me a second loan on the property because I already had a 3.5 million loan. Appreciate any input. Thanks in advance. 

Most Popular Reply

User Stats

333
Posts
248
Votes
Logan McKay Zylstra
  • Realtor
  • Salt Lake City, UT
248
Votes |
333
Posts
Logan McKay Zylstra
  • Realtor
  • Salt Lake City, UT
Replied

You will need to partner with someone who has the money for this deal.

Loading replies...