It's a pocket listing, I need help with the down payment, and I was wondering some good people/companies to contact.The numbers are:Asking price: $130 MillionMinimum down: $26 Million (20%)1st year NOI: $7.5 million+ (Estimated)I have a management company ready to commence operations as soon as i can close it.I have no clue what to do to figure out financing.

I have invested in 290 Peer Street loans over the past 18 months.  133 have paid in full and 157 are currently outstanding.  146 of these are listed as "current", seven are listed as "late 30", one is listed as "late 90", one is listed as "default" (and Peer Street has commenced foreclosure), and one is listed as "REO". 

For all concerned with the estate, it's a balloon payment dye within 6-9 months else lender/Servicer will commence foreclosure.BofA purchase Seattle Mortgage some years back in order to get them into the R/M game. 

Otherwise, if you borrow from the pretax 401k bucket, taxes will be due on the interest once distributions commence.

Some of which have new leases that will commence next year.

The landlord shall commence remedial action after receipt of such notice by the tenant as soon as possible but not later than the following time periods, except where circumstances are beyond the landlord's control:(1) Not more than twenty-four hours, where the defective condition deprives the tenant of hot or cold water, heat, or electricity, or is imminently hazardous to life;(2) Not more than seventy-two hours, where the defective condition deprives the tenant of the use of a refrigerator, range and oven, or a major plumbing fixture supplied by the landlord; and(3) Not more than ten days in all other cases.In each instance the burden shall be on the landlord to see that remedial work under this section is completed promptly.

What does the lease say regarding landlord failing to deliver premises on commencement date?

@Jeffrey Mendoza also depending on the state, a lender can only send out a certain amount of NOD's before they have to commence foreclosure action, so this seems odd that there are multiple filings.  

The original contract should also note that "any changes affecting the cost of the job must be priced in writing and signed by both parties before work commences."3.

wow what a great thread this is - tracking back 5 years now and still has life in it ..... grateful for all the posts as I most recently came in contact with PV and now what seems to be a "new" partner Julie......after spending some time on the phone with one of the "associates" and hearing what they offer....the investment into the "program" which includes them investing money into a given geographical area (of choice by me and their team) getting me leads to follow up on, all the paperwork/contracts needed to close the deal, then they would provide 100% of funds to complete project, they do the marketing and selling of project and then we split 50/50 - all this requires me to pay $1000 down and $1000 monthly for 9 months.....i'm thinking not bad.....should b able to secure and close on at least 2 projects with 90 days of commencement....either wholesale deal or rehab deal.....combo or either......if i am correct in my projection, i'm the winner in this relationship, as they/P and J are......any thoughts or advise from the tribe is well received on my end....thx yall