Searching for a “Specific” Commercial Lender

[Brenda Wright]

Hi BP Community,

We are working on a deal, and I wanted to reach out to see if anyone does a Participating Mortgage on certain deals. Where a portion of the rental income (percentage of involvement) in addition to the regular mortgage payment is paid to the lender. I know other banks do that, but I wanted to know if anyone in the BP community does this and if they can reach out to me asap.

An Example:

Property: $5,000,000

Cash-Flow: $500,000

Down payment (on 25%) = 1,250,000

We put down = $500,000 = 40%

You put down = $750,000 = 60%

The cash-flow is slit with 60% going to you + the Mortgage payments.

I look forward to hearing from you.

Thanks,

Brenda