Re: My Brother-In-Law needs help (Real Estate Investment Fund)
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I don't know if its you or not, but i've tended to have a difficult time finding financing for my deals. I'm sure that I can be done, and I have developed some relationships with smaller, local, portfolio lenders to work with me on some deals.
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As in I know from people who work in commercial mortgage space (origination and securitization) that underwriting standards have become extremely lax, especially for conduit loans. It's possible that your scale was a bit small (it'd be difficult to justify the upfront costs with loan amoutn less than $500,000), your properties/situation a bit non-standard (small loans that can't be securitized aren't nearly as marketable), or you just didn't shop hard enough. Still, 20% isn't exactly hard to beat.
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