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10-10-2015, 12:09 AM #5
There probably are a couple of reasons your client wants "hard" money at 30% down; problem with credit, financials,cannot provide financials, or timing. The only way you would get a lender to do 30% down is if the property can service the debt comfortably and if seller will hold a 2nd. 1.1M value is that also the purchase price?
If they were not seeking hard money then 30% down conventional is easily placed.
If you are asking for help to place a real estate deal on an MCA forum that you really are clueless. But hey maybe one of these other brokers can help you out. Get back to us if you get your hard money at 30% down.
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