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Updated almost 9 years ago,
I need 100% financing on 2 San Diego Flips. How?
I posted earlier today and someone removed my post because they claimed talking about financing was considered soliciting. I will be vague and hopefully I can read the responses before it is removed again.
I have 2 flips with a possible third that I've secured, but now I need to lock in financing. I really need to keep my savings for working capital, which means I need 100% financing on the purchase price and the rehab budget. The spreads are great on both deals. I have talked to several hard money lenders and there are several that require 10% down payment on the purchase price. Do lenders exist that finance 100%? If not, how can I do the deal? Two lenders? Someone mentioned something about gap financing?