Are you an agent paying a bird-dog fee to a lender for sending you clients or vice versa?

In 2021 we bought the building for $1.5M using private lenders, pushed the occupancy from 50% to 80% occupancy and it appraised for $3.125M, allowing us to pay back the private mortgage.Right now, we are in the predevelopment process of design and piecing together the capital stack for the redevelopment deal, which will be made up of historic tax credit equity, RestoreNY Grant, DRI Grant, etc.

Currently have 3 rentals and conventional lending has been my norm, but all the local lenders are predominantly 25% down. 

., On behalf of all the lenders on here that work with investors...we pretty much all do 30-year DSCR loans. 

Also  American association of private lenders is one trade group,Thanks for the response, Chris.

There’s a good chance that if lender finds out of property transfer via title records, insurance policy beneficiary, bank account submitting mortgage payments, they’ll assume that John  Smith formed a trust to own title and will not flag the  file for any action.  

I guess the next step would be to find lenders in my area that offer these types of loans.

yes, you can use the rent at 70% for some lenders

It's definitely priced to sell, but I agree, this would be more stress and more time.Please do let me know if you have any referrals for lenders and attorneys, thank you!

The lender wont talk to you without the owners written authorization, and the lender does not own the property to sell it to you.