CREATIVE FINANCING STRUCTURES WANTED

[Chantell McCleve]

Looking for CREATIVE FINANCING STRUCTURES?

We have the opportunity to purchase 3, 4-plex buildings on one parcel of land. Splitting the parcels is expensive and time consuming (we already talked with the city). 

A commercial loan requires 30% down which we do not have. 

The current owner is willing to owner carry us for the full amount but has a small balloon payment coming due. 

Is there a way to still work owner financing even if the balloon is not paid in full? Would we be able to take it over?

Any suggestions are appreciated. 

Thanks