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 [ Edited by fmmp on Date 11/16/2003 ]
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
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)