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Updated 3 months ago, 09/23/2024
Commerical Lender - 10% down
Hi all, I'm considering a portfolio of four single-family properties in New York, with the seller asking $1.27M. The gross income is $149K, and expenses are $55K. I believe these properties will cash flow well, but I only have enough for a 10% down payment. Does anyone know what kind of lender willing to offer financing with 10% down for this type of deal?