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Updated almost 8 years ago on . Most recent reply
Ideas for buying a $10 Million+ unit with NO MONEY DOWN
Hi folks,
I have a seller who is interested in selling an apartment complex worth somewhere between $10-$15M. Loan is assumable but I don't see a viable way for me to qualify on my own. It does not allow subordinate financing. And there is a prepayment penalty of $1 million. What are some ways to get this deal done without having my own cash to put down?
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Jay Hinrichs
#1 All Forums Contributor
Professional Services
#1 All Forums Contributor
- Lender
- Lake Oswego OR Summerlin, NV
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Jay Hinrichs
#1 All Forums Contributor
Professional Services
#1 All Forums Contributor
- Lender
- Lake Oswego OR Summerlin, NV
get a listing and make a nice commission selling it to someone who can buy it.
defeasance clauses are tough
- Jay Hinrichs
- Podcast Guest on Show #222
JLH Capital Partners