Finance 100% with 2 notes 80/20 - Posted by Izak (FL)

Posted by Michael Morrongiello on March 13, 2002 at 23:08:16:

YES its possible… however how realistic? the answer would very unrealistic unless your property seller were willing to be VERY flexible.

Typically most Note funders REGARDLESS of your credit want to see a buyer have some of their own money at risk in a deal. Especially a management intensive MHP type property.

To your success,
Michael Morrongiello

Finance 100% with 2 notes 80/20 - Posted by Izak (FL)

Posted by Izak (FL) on March 13, 2002 at 21:31:48:

Hi there
Is it possible to purchase a Commercial property (MHP) with 80% first and 20% second and sell the notes at closing when the buyer has 725 score, and the debt ratio is 1.5:1
The buyer will pay closing cost.
Thanks