Purchase price: $1,500,000 Cash invested: $13,000,000 this project is currently under construction it is a 90 unit ground up build of market rate apartments with a student housing element What made you interested in investing in this type of deal?

Its my first time seeing this particular product.based off of the low entry cost, Id be curious of the interest rate, have a feeling it would be hi, but you could get in.If you have no capital, how are you going to make the interest payments.

So I looked into it and found that the city is expanding faster than the current infrastructure can support so they had to raise water rates to fund expanding their water and sewer systems.

If you want to flip or do more short term projects, then a HELOC may be a good idea if you can find a lender for that and you can keep your likely low rate.

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As interest & insurance rates have risen, it makes it much harder to meet these types of checks.At the end of the day, people are more fearful than greedy so now is the time to be greedy. 

Factors such as age, fire protection of the location, alarms, construction, proximity to a coast, etc. can impact the rates.  

On weekends, late morning - late afternoon (11am-4pm) seems to get the best response rate for me.

In the current environment, with rates in flux, it's best to start thinking about a commercial re-fi sooner than later if the current note is coming due.

Legitimate hard money lenders and private lenders may not ask for business taxes, bank statements, or other documentation but they will ask for much more money down, their terms are usually 12 to 24 months loans, and higher interest rates.