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Updated 3 months ago, 09/23/2024

User Stats

201
Posts
36
Votes
Ellie Narie
  • Investor
  • Ashland, OR
36
Votes |
201
Posts

I need a 100% financing lender for a 6-plex that I'm buying at 65% of its value.

Ellie Narie
  • Investor
  • Ashland, OR
Posted

I really don't want to miss out on this deal. It was contingent on my other property closing, so I can have the 25% down payment funds. But now that closing got delayed another 3 months and might get delayed even more. I don't think the seller of the 6 plex would wait an "indefinite amount of time" like that. I'm under contract to buy this property at 65% of its market value. Actually, might be 60%.

What can I do? Does anyone know of any lenders that will do 100% financing for such a good deal? 

Maybe I could assign this contract if anyone is interested? Help. I don't want to let this deal drop. 

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