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Christopher Morales's profile image
Christopher Morales's profile image
Christopher Morales
  • Rental Property Investor
  • from Chicago, IL
  • Member since Oct 25, 2017

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Christopher Morales's profile image
Christopher Morales's profile image
Christopher Morales
  • Rental Property Investor
  • from Chicago, IL
  • Member since Oct 25, 2017
Christopher Morales
  • Rental Property Investor
  • Chicago, IL
0
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1
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Creative Real Estate Financing

Hard Money Lenders and Banks

Christopher Morales
  • Rental Property Investor
  • Chicago, IL
Posted

Hello,

I am currently looking for a new multifamily investment and was wondering if banks know about the money hard money lenders lend to you? In other words, if a hard money lender gives me 25k to finance portion of the down payment, am i required to disclose this information? 

I am asking because I am trying to purchase a 10 unit, but finance portion of the down payment with other people's money and pay the financed portion back as soon as I close on the loan with my LOC.

Thanks in advance.

Chris Morales

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