Can you use a margin loan for you down payment in CRE?
Will a commercial mortgage underwriter permit using a margin loan for your down payment? I know in residential they do not care where you sourced your down payment from and have successfully received mortgages on my primary residency by using margin loans. If they wouldn't approve the financing on purchase what if I were to buy the commercial property with cash from the margin loan and then brought the bank in after closing to refinance it? Would they check where my cash came from for the initial purchase? Is there any way to make this work like its possible in residential real estate?
[{"id": "gawrk5j", "text": "It depends on what your entire financial picture looks like.  It\u2019s likely ok as long as you have enough other assets and the property has a sufficient DSCR/LTV.", "replies": [{"id": "gaxfr9i", "text": "Yes exactly. Separate/related: I've had lenders across a pretty broad spectrum re: sources and uses. Some want to know where every penny is or is coming from, others don't seem to care at all. Weird.", "replies": [{"id": "gaxubxg", "text": "So true! I am doing some 1031 purchases right now with 3 different lenders. One gave 3 loans easy peasy with an outdated PFS, one wanted an updated PFS and application, and another has needed actual bank and investment statements, had two group phone calls with the attorneys, agents, and brokers, and other craziness.", "replies": [], "depth": 3}], "depth": 2}], "depth": 1}]