Page 15 - Trump University Commercial Real Estate 101
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Contents
CHAPTER 8 U SE A M ONEY M ULTIPLIER 161
Amateur Mistake: “The best deals are the
no- money-down ones.” 161
Another Amateur Mistake: “Debt is bad;
I only buy when I can pay all cash.” 162
Take Advantage of Several Financing Sources
Available to You 163
Local Banks 163
National Lenders 163
Conduit Lenders 164
Your Mortgage Broker—Money Well Spent 164
The Many Types of Loans 164
Conventional 165
Government 165
Construction 165
Mezzanine 165
Bridge 166
Small Business Administration 166
Private Money 166
Hard Money 167
Getting the Loan Approved 168
Insider Tip 168
Assuming the Existing Debt 172
There’s Plenty of Room for Creativity 174
Master Lease Options 175
Straight Option 175
Blanket Mortgages 176
Private Money 176
How to Deal with Investors 177
Where to Find Private Money 178
Angel Investors 179
The Pros and Cons of Deal Structures 180
The Art of Raising Money 182
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