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Updated almost 9 years ago,

User Stats

3
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0
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John Craig
  • Investor
  • Adrian, MI
0
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3
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Help with ideas for big down payment.

John Craig
  • Investor
  • Adrian, MI
Posted

I have just started researching a 49 unit apartment complex for sale in my area.  Begin by running the numbers through bigger pockets rent calculations, the property seems to be able to cash flow nicely.  Now moving on to my concern, that is hindering me at the moment.  The property is listed for $1,500,000, I think it might be high asking price I value the property at $1,200,000.  My issue is the down payment for a commercial loan.  Can anybody give me suggestions on ways of getting a 25% down payment for the property.  I currently have 8 rentals and am closing a 4 unit in May, but this type of investment will be my first at this amount.  Thanks for any help.

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