Any lenders roll the down payment into the loan?? Help please

[Lawrence Holloway]

I have a great opportunity to acquire 12 SFR! The only problem is the down payment! I will partner if needed, but only if needed. I would like to know if ANYONE knows or has heard of any lenders that will roll the down payment into the mortgage?

For example if the loan is $100,000 with a 75% LTV (Loan to Value) ratio, the down payment is $25,000. By rolling it into the loan, it would actually change the loan from $100,000 to $125,000.

100% occupied bringing in $10,210/mo. So I could care less about the rates and terms. The cashflow is going to be positive.

(I’m only a property manager for my fathers rentals so I’m fairly new. So forgive me if this is a stupid question)

[Kyle J.]

Originally posted by @Lawrence Holloway:

For example if the loan is $100,000 with a 75% LTV (Loan to Value) ratio, the down payment is $25,000. By rolling it into the loan, it would actually change the loan from $100,000 to $125,000.

This is just another (much longer and more complicated) way of saying you're looking for 100% financing. 

To answer your question, it's going to be extremely difficult, and not very realistic in my opinion, to do what you're asking considering you're trying to purchase 12 SFR properties at once. A lender just isn't going to do 100% financing on a deal like that.

Not sure what your relationship is with the seller, but if he/she is willing to give you such a great deal that it'll be cashflow positive regardless of the rate or terms, then perhaps you could ask them about seller financing the whole deal?  Could be a great way for them to still get residual income with none of the headaches of ownership (i.e. tenant calls, maintenance, etc).  It also could potentially help them defer/spread out any capital gains taxes they may owe, rather than having to pay them all at once.

Just something to think about.  Good luck.