Hi all,
I'm in the process of making an offer for a site where I want to build units for re-sale. I'm looking for a "no money down" deal.
I've heard that you can borrow about 70% from GR Funders (Gross Realization) and 75% from Mezzanine Funders, and this will allow you to purchase the land and build your units fully without putting any of your own money into the deal. Unfortunately I don't know of any of these funders in the SE Qld area.
Could anyone advise of any good GR / Mezz Funders?
Cheers,
Bmok
I'm in the process of making an offer for a site where I want to build units for re-sale. I'm looking for a "no money down" deal.
I've heard that you can borrow about 70% from GR Funders (Gross Realization) and 75% from Mezzanine Funders, and this will allow you to purchase the land and build your units fully without putting any of your own money into the deal. Unfortunately I don't know of any of these funders in the SE Qld area.
Could anyone advise of any good GR / Mezz Funders?
Cheers,
Bmok