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Author Topic: NEED FINANCING FOR 36 UNIT APARTMENT COMPLEX  (Read 2673 times)

Offline ZLLGL05

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NEED FINANCING FOR 36 UNIT APARTMENT COMPLEX
« on: February 16, 2006, 11:53:10 pm »
Hi I am looking for 100% for a 36 unit apartment complex , I have poor credit. Can anyone help ? Its a good buy and a money maker.

Offline christopher w

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Re:NEED FINANCING FOR 36 UNIT APARTMENT COMPLEX
« Reply #1 on: February 17, 2006, 07:51:17 am »
owner financing? with poor credit that is going to be your best bet.
Christopher W
C-214.923.5781

Offline Rich_in_CT

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Re:NEED FINANCING FOR 36 UNIT APARTMENT COMPLEX
« Reply #2 on: February 17, 2006, 08:04:51 am »
Do you have decent cash reserves in the bank?  If not you better start thinking smaller scale, even if the thing is a gold mine that will make many times the mortgage payment.
« Last Edit: February 17, 2006, 08:05:03 am by Rich_in_CT »

Offline rodbrown44

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    • APEX Lending
Re:NEED FINANCING FOR 36 UNIT APARTMENT COMPLEX
« Reply #3 on: February 18, 2006, 05:21:59 pm »
when you say bad credit what do you mean, less than 600?  100% funding on commercial is not possible, if you have 600 mid score I can get you no doc program with 90% CLTV that includes a 10-20% second by seller.  Bad credit and no cash is not a possibility.

 




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