Posted by Harvey Carroll, Jr. on April 13, 1999 at 23:47:40:
He can simply refinance the property for 75% of the appraised value if it is paid for. He can then finance it to you. Or put you in a position to assume the loan…
Commercial Financing - Posted by Mark (SDCA)
Posted by Mark (SDCA) on April 12, 1999 at 19:31:14:
I have a seller who will carry a 25% 2nd on a 9U building. Any ideas on how I can finance the other 75%?
I talked to some commercial mortgage brokers. The best they offered was 80/10/15. No way that works for me.
I am still looking at creating a note and selling it. That MIGHT make sense, if the property will support 11% interest. Any better solutions? (I mean… there MUST be.)
Thanks,
Mark