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Updated over 10 years ago,
Seller Seconds on Commercial Financing
Are there certain price points that lenders tend to allow seller seconds. Or that investors are more sophisticated and understand seller seconds may be apart of the transaction.
I'm looking at something at around a million... 10%-15% seller and 10%-15% equity and a 75%-80% ltv.
Is this attainable in today's market?
What type of lenders should I be presenting this too?
I've generally stayed with smaller multi family units, but want to look at a bigger building?
Thanks