Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Mortgage Brokers & Lenders
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 5 years ago,

User Stats

31
Posts
3
Votes
Demetre Dyse
3
Votes |
31
Posts

Trying to help my buyer close on a commercial property

Demetre Dyse
Posted

So I’m trying to help my buyer with a property he is looking to purchase and the property that is for sale is $13.9M, the seller says that the buyer must assume loan as there is Defeasance prepayment until 7/1/2021

Maturity is 7/1/2023 ; 1% pre-pay from July 2021 until Maturity.

Balance @12,31/2019 was $7,088,890

Interest rate @4.31%"

My buyer is looking to buy the property with a new loan where the loan doesn’t mature for like 4-5 years.

What are some good options?