What Is The Best...............

finacing deal you have obtained on a multi-family over 4 units (commercial). Were you lucky and put only 10% down, obtain a 20% SCB with 80% bank financed, etc. It may be helpful do disclose the exact amount of units you were financed for and any add'l pertinent info. I am in awe of the techniques used by people on the forum and just as curious as to what measures the heavy hitters in the commercial dept. are using for financing cool grin [ Edited by fmmp on Date 11/16/2003 ]

Comments(2)

  • KyleGatton17th November, 2003

    Standard is 10%. If you have a construction deal you can arrange it so that you get your down payment back after construction or at closing. You can also negotiate the second loan after closing for a quick cash settlement saving you even more. There are tons of techniques out there, it is just a matter of thinking them up, or combining existing techniques to make it work. My best deal ever was cash back at closing with no money down. It was only 9 grand but still fun to do.

    Kyle

  • hibby7626th November, 2003

    I cross cross collaterized with some equity of a partner. $.73 cents on the dollar purchase, 105% Loan to purchase financing (75% LTV), no money down with cash at close. (1.2M value)

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