This will either eliminate or open different options for you.3.

My client had some things come up that prevented her from executing, but these were some of the options I had put together for her, a regional bank, a regional CU, and a national bank.Reminder that NOI sizes CRE debt, and that's often what determines the down payment requirement, not anything to do with the client or particular lender, just the property itself.

Your best option would be to refinance your loan (if any) and get a construction loan for the improvements.

Just an option, we love it.

Happy to chat...being a local GC takes out a lot of the risk of the biggest variable for most investors (unpredictable rehab costs) and also allows you to consider more options than the average investor, with your rehab costs being significantly lower.

Hi David, If building long-term equity and scaling quickly are priorities, then option 2 aligns better for you. 

The asset was sold a couple years later and the operator gave all investors the option to exchange into a new acquisition or liquidate.

And, perhaps most importantly, make sure you have access to flexible financing options that can help you adapt to new market conditions.

As you indicated you have plenty of options to start.

Alot of unknowns as you don't have the ability to walk the property beforehand, but interesting process, and pretty good deals exist there.While the Trustee Sales are cash purchases, there are many hard money options that can turn over the funds in time for the 24 hour funding required to complete the purchase.If you are interested, let me know and I can go into more detail, as well as make some other suggestions for you to consider.