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Updated about 7 years ago,
Need financing for a multifamily in Paterson
My brother and I would like to partner in a multifamily in Paterson. The scene is this: My brother is paying full cash for his portion. He does not have a long credit history as he deals mostly in cash. I would like to partner with him and take a loan for my portion, essentially making it a no-money-down deal for me as the down will be coming from my brother.
It will not help if a lender checks his credit in addition to mine, as his credit is going to be low. Any ideas on how I can make this work -who to approach etc?