All Forum Posts by: Shivi Thanapal

@Marty Johnston @Jim Flynn

Thank you! The project value is $500 K (5 plex that is fully leased and producing good cash flow).  We will put a downpayment of 125K (25% down). We are reaching out to banks such as bank of america (so thanks for the suggestion - good to know that that's one of the right tracks). Also working with few lenders/brokers..Have not zeroed in yet as we are looking for long term (30 year with good rates). We have about 45 days to close so we do have some time to shop around and find the best terms. 

Yes, the downpayment is covered. Its not rehab- its fully leased as of today.

Hello, 

We are under contracts for 500K 5-plex property in Louisville. This is our first time with above 4 -plex properties. I am looking for financing this deal through commercial mortgage lenders but with proper leads. Any suggestions on how to go about it?