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Updated 3 months ago, 09/23/2024
I need a 100% financing lender for a 6-plex that I'm buying at 65% of its value.
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.