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Updated over 7 years ago, 05/11/2017
2nd lien position loans
I am currently looking to purchase a building that has seller financing of 70%. His building is leased up and is a great investment. I was looking to take a loan to pay for the down payment, but every lender I have talked to will only take a first lien position and the seller will not accept a 2nd lien position. Is there lenders that will loan for 30% or less of a property value and take a second position. I have never seen it but it would be great to know that it is possible.