Multiunit investors in San Francisco area on how to Finance deal

[Abdullah Al-mamoon]

I was looking at an apartment building 100 units for 17 million with a 10 cap. I think i need 7 million to close on this property but I need gather financing for the closing and down payment. In the bay area i'm looking for REI clubs. I am trying to reach out to local bank to see if they can give any options. What is a good way to find possible investors for this property in San Francisco. Is there some loan product or solution that I should look into to try and get enough for this property?

[Chris Mason]

Where'd you get $7m? In the vaguely unlikely case that the cap rate and deal is real and there aren't any significant "gotchas," 25% down should be easily doable. In the vaguely unlikely case that that cap rate and deal is real and there aren't any significant "gotchas," you should have zero problems finding co-sponsors for that deal. Throw an LLC together with a few people with $1m each, and buy it, San Francisco isn't short of folks who got lucky with this or that IPO and have the money, most of those tech companies have an unofficial employee-maintained slack/discord channel where they talk about real estate stuff. See below, I'll take care of the other 75% of the sales price, again in the vaguely unlikely case that the cap rate and deal is real and there aren't any significant "gotchas."

Sorry if I'm a little cynical, but by all means good sir call my bluff and prove me wrong, I'll be the first to eat my words if that's real. :P