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Updated over 1 year ago on . Most recent reply

User Stats

29
Posts
2
Votes
John Thao
2
Votes |
29
Posts

Assuming an Existing Loan

John Thao
Posted

Need help in clarifying when you would assume the loan of the seller and what that entails.

Scenario:

8.5M home with NOI 516k but has A debt of 1.7M left at 4.3% interest and 8 years remaining. B debt of 1.6M at 3.43% interest and 8 years left.

Would this mean that there are approximately 6M in equity and would the buyers price be the 6M in order to assume the loan?

Need help.

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