Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. 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 10 years ago,

User Stats

18
Posts
6
Votes
Gary Charlton
  • Real Estate Professional
  • Adelaide, South Australia
6
Votes |
18
Posts

Is this HML scenario possible

Gary Charlton
  • Real Estate Professional
  • Adelaide, South Australia
Posted

Hi,

A bit about me:

I am Australian and I live in Australia. I am looking to invest in Multifamily deals across the US. I currently have some property in Florida.

I have found myself a deal in Texas that I am very keen to move on. 

The problem that I am facing is that I have only been able to raise around 20% of the down payment and am in need of finding someone else to help fund the deal. (I have a lender who is prepared to fund the deal at 75% LTV)

I have tapped out all my family and friend connections here in Australia and in the US and the deal isnt really big enough to syndicate properly with a PPM and SEC attorney fees.

I have been looking at HML to see if they would lend to me to help out with a one to two year term at a fixed interest rate secured by a second place lien on the deal.

Is this service even possible?

Does anyone know if there are hard money lenders out there that provide this sort of service?

Any advice would be greatly appreciated

Loading replies...