I'm thinking of taking out a $30k personal loan to use for a down payment on a home I'd be sharing with a few other people (fractional home ownership). I've heard these loans are pretty hard to get but on paper I think I'm not a bad candidate; I earn just under $200k a year (although this doesn't go as far you'd think here in NYC!), have good credit (770), I only have 2 credit cards and pay them both off every month. No other debt at the moment.

The reason I'm considering a loan is because due to some life stuff, my savings are a bit depleted and I don't feel super comfortable handing over $30k right now. However this fractional home ownership opportunity is great for me for a number of personal reasons; it's also a chance to have equity in a home in New York City, which feels like a good investment even I'll have a bit less than the others going into this. Given my current income and financial situation I'm confident I could pay this pay quickly.

Curious to hear people's thoughts!