Quote from @Chris Seveney: Quote from @Daniel Frank: Investment Info:Large multi-family (5+ units) commercial investment investment.

Similar to what Chris said. 

@Chris SeveneyYes I am the borrower and the debt is mine. 

@Chris Blackburn Hey Chris, that's pretty standard from what I've seen in my experience, especially if the seller is an institutional client.

Lender has risk if as @Chris Seveney mentioned buyer puts a second behind your first  this causes the first lender to have to go through a full foreclosure to remove the second in a default scenario. 

Nathan Gesner and Chris Seveney, to start, thank you both for replying to my post.

 @Chris SeveneyThe long-shot play I became aware of; Capital Improvement Project Funding that the city/county have allocated for projects that meet 2 criteria.Have a lifetime greater than 10 yearsCost more than $50,000I believe, even if the water and refuse collection run is only 1000 ft, that may not qualify but to do it "right", that two mile run would allow the entire subdivision to be supplied with services.

@Chris SeveneyI do want to minimize liability considering I intended to have multiple properties under one LLC capped at 10 just because somewhere along the line I was told this is good practice.

Quote from @Chris Seveney: @Deborah WodellThere was a guy who used to post on BP from Maryland who did private lending and was a fraud, changed company names many times and what he would do is write construction loans, fund the initial amount but didn’t have the money for the draws.

Quote from @Chris Seveney: Quote from @Tanya Maslach: Hi all!