Hard Money For Berkshire Commerical Property Downpaymet

[Robert Russotti]

Hello,

I have a great opportunity to purchase a fully rented and renovated office building in Great Barrington, MA from a friend of mine. It is currently an off-market deal, but my timing isn't right and I am not liquid for a downpayment. I'm seeking $100k of hard or private funds to secure the property. I have a business partner who is able to finance the difference for the total $400k purchase. I have already reached out to a local lender for the remainder of the loan amount above and beyond the downpayment. I am able to provide the lease agreements of the current tenants and a breakdown of the monthly expenses for the building. I have calculated to have one thousand dollars over the monthly expenses to apply to hard/private funds until I am able to refinance the property. This is my first venture into using the resources of a non-traditional lender as well as my first commercial acquisition. I certainly appreciate all of the advice and assistance from my fellow Bigger Pockets members.

Thanks

Robert