Private lender providing 15% of down payment - Massachusetts

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Hi all!

I signed an offer yesterday for 6 properties in Worcester, MA (four 3-families, one 4-family and one 2-family). 

I will be partnering with another investor for this deal. He is willing to put down 15% of the down payment, and I will put down the remaining. In return, he will receive an interest rate of 8% over the next 10 years and would put a mortgage on the properties in a second position. He is willing to be a co-applicant for the loan and collateralize some of his properties in Boston.

Does anyone have a lender that they would recommend for this deal?  I understand that I may have to go the Commercial Lending route, but I'm also in discussions with a Credit Union who keeps their residential loans in house, and they're entertaining the deal (with a fixed rate and only 20% down).

Any help would be greatly appreciated!!

Thanks all,

Joe

[Ryan Coleman]

Hey Joseph,

I am a local lender in Mass and am very familiar with the Worcester county market. I'd love to assist you in the financing of these properties, as well as can assist in referring just about anything you may need in the area.

I'd love to help, give me a shout!

Respectfully,

Ryan