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Updated over 9 years ago,

Account Closed
  • Accountant
  • West Palm Beach, FL
0
Votes |
6
Posts

Commercial Real Estate $0 Down Deal Structuring

Account Closed
  • Accountant
  • West Palm Beach, FL
Posted

I have a deal that I'm looking to Structure correctly using Down Payment Assistance. 

Feedback is greatly appreciated for this deal:

Hotel/Motel Purchase and Rehab

Purchase Price $750,000

Rehab Estimate $500 - 900k

Current Appraisal $2mil

My goal is to:

Purchase this property with none of my own money

Use the equity in the property towards the down payment assistance

Close and put cash in my pocket at closing for working capital

Finance both the PIP rehab and purchase with one loan if possible and one closing

Obtain new appraisal and permanent financing once the PIP rehab is complete

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