Gerald West's Blog (1)

ADVICE FOR CLOSING ON A MULTIFAMILY PROJECT

  I submitted a loan request for a multi family project structured with 30% down. I was contacted back and the lender said the deal was doable but that I would need a partner with multifamily experience. I structured the project with 30 down over 3 million and noi after mortgage and expenditures of 127,000+ /year and 457,000 cash on hand after close with another 6 months reserves all expenditures. My credit not so bright and would be my first deal. Can someone advice me of how I can get a…

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Added by Gerald West on April 1, 2018 at 5:18am — 1 Comment

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