Lenders that allow wraps

[Brad Crawford]

Are there any hard money/private money lenders that openly allow you to wrap their money with a note to an end buyer?

[Brad Crawford]

Originally posted by @Kenneth Garrett:

@Brad Crawford

Sounds like a version of a “subject to” deal.  Where deed is transferred but existing financing stays in place.  Most times on the subject to the existing financing the buyer makes the payments.  I like the creativity.  Had a friend have the bank call the loan due. It is very unusual as long as the payments are being made.  Just a word of caution.

 That's the basic idea. There is one private lender that I have used who has no "due on sale" clause and I've done a few wraps with him. The problem is he runs out of money, so I'll have to end up selling the note to cash him out. Maybe I'm looking for a bigger private/hard money lender who would be willing to extend the term out and allow me to wrap their money with a note to an end buyer. Thanks for the reply