When you say private lender, is this institutional capital or from an individual?

@Royal Liedecke @Brian Bistolfo There's a 4-Unit turnkey occupied deal near Corpus Christi that I just posted in the Marketplace.

This may be easier with hard money as it is more institutional.

Are you referring to institutional lenders?

There plenty of other opportunities elsewhere, my clients are involved in institutional grade properties across the country.

Truly private money could simply be one person lending money while hard money is usually an institution or similar.

@Ray HarrellSellers will owner finance because (1) they will be able to sell for a higher price because they will sell to people who can’t get institutional financing, (2) they think the interest rate they receive on the money they financed, usually 6-10%, is better that the 2% bank accounts are paying (3) they get to spread out the gain on the sale of property over many years and not be bumped into a higher tax bracket immediately, or (4) they can sell the property faster as a buyer doesn’t have to wait 45 days to fulfill institutional lending requirementsBuyers may want owner financing because (1) they save the points and other fees associated with institutional financing (2) they may own the maximum number of properties financed allowable by lending institutions (3) they as full time real property investor may not be able to prove the amount of income necessary to obtain a loan (4) they may not qualify for conventional financing, only hard money, in which case owner financing may be at a much lower interest rate (5) they may have liens, judgements, etc. outstanding that make obtaining outside financing impossible, (6) they may want to close quicker than available with institutional financing.Please let me know if this makes sense

Thank you  For DSCR Loans you are going to need to be 20% down minimum, however if you can qualify with conventional or maybe some local financial institutions (or go true private money), you may be able to find a higher leverage option

Whenever I finance small commercial properties, I contact local institutions.

*I do not wish to trick my employer or any financial institution, I simply want to take advantage of the 5% multifamily down-payment and flexibility of my corporate job.