MFH Financing HELP in Trenton, NJ

[Julian Perez]

Hi BP,

I have been researching for a while and have come across a MFH that is move in ready in Trenton, NJ which makes sense to me. With that being said the asking price is $70k and I believe I can neg another $5-10k from that. One unit is renting until 10/18 for $700 and the other unit is in the process of getting rented for $950 per month. My issue is that once I put down the required 20-25% the mortgage amount is not feasible for the regular go to banks because the mortgage amount is too small and not worth it.

Anyone have any advise or contacts in the area that would be interested in lending? I have already opened my LLC.

Any advise would be greatly appreciated.