Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Creative Real Estate Financing
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated 5 months ago on . Most recent reply

User Stats

201
Posts
37
Votes
Ellie Narie
  • Investor
  • Ashland, OR
37
Votes |
201
Posts

Help! Do any lenders offer 100% financing for a 6-plex that I'm buying at 65% value?

Ellie Narie
  • Investor
  • Ashland, OR
Posted

I need help asap. Not sure which board to post this to. I'm under contract to buy a 6-plex at around 60%-65% of its actual market value. However, it was contingent on my other property selling, because I need that money for the 25% down payment. Now the buyer on my property is extending for another 3 months, and might extend even more. I don't think the seller of the 6 plex will wait an indefinite amount of time for me. 

Is there a lender that offers a 100% financing for such a deal? Bridge loan, hard money, anything. I know some lenders that offer 100% financing for 1-4 unit buildings, but not for anything that's over 4 units. Well, this is 6 units. The price is less than 1 mil, but over 500k. 

Help! I really don't want to miss out on this deal and don't know what to do! Property is in the state of Oregon. 

Most Popular Reply

User Stats

42,730
Posts
62,928
Votes
Jay Hinrichs
#1 All Forums Contributor
  • Lender
  • Lake Oswego OR Summerlin, NV
62,928
Votes |
42,730
Posts
Jay Hinrichs
#1 All Forums Contributor
  • Lender
  • Lake Oswego OR Summerlin, NV
Replied

be very careful of  lenders from out of state or those that are not familiar with Oregon.

SEnd me a PM and i will connect you with Oregon lenders that can help you.

@Chris Seveney is correct though in this scenario your going to need cross collateral.

Not saying anyone that has replied on this thread is a fake lender but SM is full of those folks I will connect you with the actual lenders  I do not participate in fee's just trying to assist.. 

business profile image
JLH Capital Partners

Loading replies...