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Updated almost 5 years ago,
Need Solution For Hard Money Ballon Payment to HML of $950k
I am interested in a property that is listed as pre-foreclosure. The realtor has told me it has a $950k baloon payment to a hard-money lender that is due. The property is worth around $1 mil.
Is there any financing structure that I can propose to the hard money lender that would allow me to get into this property with a small down payment?
Seeking ideas..
Thanks!