We apologize, but the forums are closed for new posts. Click Here To Join The Unemployables Facebook Group
Welcome, Guest. Please login or register.
June 23, 2021, 01:16:36 pm
Home Help Search Calendar Login Register
Welcome, Guest. Please login or register.
June 23, 2021, 01:16:36 pm
Home Help Search Calendar Login Register
Real Estate Investing Forums | Real Estate Investing | Financing, Hard Money Lenders, Private Money (Moderators: $Cash$, Mdhaas) | NEED FINANCING FOR 36 UNIT APARTMENT COMPLEX
« previous next »
Pages: [1]

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

Offline ZLLGL05

  • Member
  • *
  • Posts: 1
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.
Logged

Offline christopher w

  • Member
  • *****
  • Posts: 2237
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.
Logged
Christopher W
C-214.923.5781

Offline Rich_in_CT

  • Member
  • *****
  • Posts: 3209
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 »
Logged

Offline rodbrown44

  • Member
  • *
  • Posts: 20
    • 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.
Logged
Pages: [1]
« previous next »
Real Estate Investing Forums | Real Estate Investing | Financing, Hard Money Lenders, Private Money (Moderators: $Cash$, Mdhaas) | NEED FINANCING FOR 36 UNIT APARTMENT COMPLEX
 


SMF 2.0.15 | SMF © 2017, Simple Machines