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Updated about 7 years ago on . Most recent reply

Will Gaston's profile image
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Will Gaston
  • Rental Property Investor
  • from Columbia, SC
  • Member since Nov 11, 2010
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Will Gaston's profile image
Will Gaston's profile image
Will Gaston
  • Rental Property Investor
  • from Columbia, SC
  • Member since Nov 11, 2010
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Will Gaston
  • Rental Property Investor
  • Columbia, SC
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Creative Real Estate Financing

South Carolina Lenders That Allow Subordinate Financing?

Will Gaston
  • Rental Property Investor
  • Columbia, SC
Posted

South Carolina Investors:

Does anyone know of any South Carolina banks that will allow subordinate financing on investment property (residential or multi-family)? 

I've come across some deals that the seller is willing to hold back a second mortgage of 15% and another deal where the seller was willing to hold back a second of 20%.  I'm trying to put down as little as possible. Arthur State and First Palmetto seem open to it, but was curious if anyone knew any others? 

  • Will Gaston
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