The current balance as of 8-1-2024 was $406,301.27.

If you want to scale in the business, you are either going to need a strong balance sheet partner or consider syndication.Congrats, you've got a great foundation to start fromGino

It's a balancing act where we guide our clients as best we can but ultimately they make the final decision.  

I would just use their deposit and bill them for the balance.

And then you'll need to work to pay down that HELOC balance... remember these are interest only payment assumptions.Please don't tell anyone this is a good idea!

This is especially true when the lender plans to balance sheet the loan (like many credit unions do).

Balancing speed with quality is key to maximizing profitability.

Or, I can "overpay" and pay 410k to obtain the house sub2 with a 2.5 interest rate, and finance the entire 410k balance, and still only pay $1,620 per month. 

Heres some common structures:5-4-3-2-1 - Stepdown (5%,4%,3%,2%,1%)Flat PPP - 5 year PPP and there is a 5% hit in fees at any point in time within the 60monthsAbbreviated PPP - 6 months of interest payments on 80% of the balance at closing.It's all different... just shop it out and choose a dscr broker who has the knowledge to help you make an educated decision.

Competent sponsor, capital call large enough to completely escape existing toxic loan with cash-in refinance to a lower-balance loan with a long maturity—good outcome possible, even probable, if there is no other “hot money” in the deal such as preferred equity or priority share classes.There are surely other nuances I’ve missed here, but this is a start.