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02-27-2020, 03:03 PM #1
- Join Date
- Apr 2014
- Location
- Chicago, IL
- Posts
- 185
MultiFamily Commercial Property Acquistion
I have a client who wants to purchase a $1MM - $1.5MM multifamily unit it NC. He has some equity in other buildings that he owns (all residential) but is cash poor and trying to borrow the funds in the form of personal loans to fund the down payment.
Are there any commercial/mezz lenders that won't auto decline because of the down coming from borrowed funds?
Thanks for answering.
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