[omegafund]

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.

Is there sufficient equity in the other properties to cover the down payment? Does the multi family cash flow for debt service?

We have a bridge product that might work..