This is for those in the restaurant business, but there are direct parallels to seeking private investors for real estate deals.

I'd suggest your very large law firm of wannabe regulator crooks due a little due diligence themselves in areas of conspiracy for financial gains against an insured lending institution.Now, if an applicant off the street gets turned down and seeks their aid, then more power to them.

Investors seeking financing for properties they intend to hold long term purchased at fair market price will usually seek the lowest interest rate and/or lowest fees - provided they have 25 or 30% down payment money available.

People (including other attorneys) seeking answers certainly had the opportunity to get them.You get to decide what that means in relation to the comments on this and other threads.

Now, when seeking to refinance the subject property the OP seemed to question both the insufficient amount of capital to pay of the debt and the excessive amount of capital to pay of the debt.

All kinds of agreements can be reached in RE related areas as well.We also kick around many legal aspects of RE in the forums, financing issues, landlord-tenant law, title issues and other things that can get you in trouble if you're ill advised.Most in RE that I see on BP are new, I'd have to say getting legal advice in forums is a big mistake, while we may have seasoned investors who have been doing things for years, we all fail to keep in mind at times that all RE is local.Most seek advice as they seem to think they can't afford an attorney.

Or will this move make me seek other funding sources?

I'm fairly familiar with the terms I'd seek for a local (NYC suburb) single-family flip, but this 4-family has possibilities to flip or rent.

I want to go multi family and have around 30k to put down, so probably will seek FHA (Have to be owner/occupant for 1 year I have been hearing?)

When I finish my current project I am planning on paying for an appraisal before I seek bank financing.