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Updated over 1 year ago,
Private Money Investing
Hello i am new to private money especially with these big numbers. I have a few properties in PA OH and AZ. This would be in California the deal size is bigger then I have ever thought about taking on.
The seller wants 6.8 million (could talk down) hoping to come in around 6-6.5m and the house is worth about 8 million. It’s two separate properties one would be for living the other would consist of venues and events bringing in a cash flowing business from a 3rd party already set up and established.
I’m looking to get some information with it being so big have you ever ran into something like this?
Is it possible to find someone to lend on that big of a deal with no collateral close to that size?
or monthly income to prove a 44k mortgage a month?
Any tips?
Any lenders?
Thank you.