Once that’s confirmed, they’ll help you submit the required permits to the Department of Buildings (DOB) and get approval from the Department of Transportation (DOT), since it affects the sidewalk and street.After permits are approved, you’ll need a licensed contractor to do the construction.

Also, a few private lenders or hard money lenders might have some more creative terms for multifamily, especially if you're open to considering that route.

Many of the investors I know have dialed back on their private equity investment or have changed to doing debt instead of equity so it was not prime time.

I first got started in real estate investing working for a real estate private equity firm in NYC.

I'm in a number of social groups for private lenders and have run into a lot of scams.

If you are tight on cash, then you want to use the lender that has the least up front charges to minimize your contribution.When I need to close fact I use private money.

I’m currently working on a deal in Fort Lauderdale & actively looking for financing solutions like hard money or private lending.

I could never find anyone that had done business with them.I mean really anyone do no doc 5.75 % private money.. 

It was built in the 2010s and located in an established neighborhood with convenient access to schools, amenities, and major transportation routes.

That is tight leverage for an investment 2nd position loan.A private investor might be willing to do it, it's not going to be cheap at all & will be short-term money & will not be a line of credit to take out at your liking.What is your rate on the 1st?