Many of our borrowers/clients have one LLC that owns the building and another than own the operating business.

I'm looking to borrow around $60k. 

Using leverage to scale, such as borrowing against this cash for larger down payments?

You don’t want your lender to go out of business while still holding your construction escrow funds.Can you provide me with the contact info of some recent borrowers?

Personal Financial Statement Borrower’s Schedule of Real Estate – or- Resume illustrating experience2-3yrs Personal & Property Tax Returns – All schedulesPrevious Year and YTD Property Profit & Loss statement w/ detailed expensesRent Roll w/ detailed lease informationCopies of all Leases3mo.

Those that own it can be harder to sell as the cash flow from the business will cover the debt service for the business, but not for the real estate.Example: I had a very high-end assisted living facility on the market. 

How much money do you have for a down payment for a new rental and how much can you borrow? 

If you need any assistance or have questions, feel free to reach out. 

Our tenant would have a key and could assist people in through that entrance if needed.We closed, and at closing the developer signed a contract to install a door and escrowed $20,000 in the event they did not end up doing it. 

It should have been communicated that we had a plan to assist you and would waive the new resident lease fee.