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Updated almost 4 years ago on . Most recent reply

User Stats

125
Posts
63
Votes
Christian D.
  • Real Estate Broker
  • New York, NY
63
Votes |
125
Posts

Private Lenders in PA

Christian D.
  • Real Estate Broker
  • New York, NY
Posted

I am in contract to purchase a small 3-unit MF property in Pennsylvania. I have a few other properties that I put into forbearance last March due to Covid-19 which were eligible under the CARES Act as I didn't know how things were going to shake out. Fortunately, collections and occupancy have remained the same as they were pre-covid. I understand I am not able to obtain conventional financing at this time until I am out of forbearance and have been current on my mortgage payments for at least 3 months. I wanted to see if there are any private lenders that are out there who may still be willing to lend while I have a few other properties in forbearance.

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