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Updated over 6 years ago on . Most recent reply

Taras Kokhman's profile image
Taras Kokhman's profile image
Taras Kokhman
  • Investor
  • from DE, PA
  • Member since Oct 9, 2017

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0
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Taras Kokhman's profile image
Taras Kokhman's profile image
Taras Kokhman
  • Investor
  • from DE, PA
  • Member since Oct 9, 2017
Taras Kokhman
  • Investor
  • DE, PA
0
Votes |
11
Posts
Private Lending & Conventional Mortgage Advice

Seller finance + Hard money

Taras Kokhman
  • Investor
  • DE, PA
Posted

Hey everyone! If the seller willing to finance 60% of the cost, can I finance 40% with hard money? Thank you

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Kalonji Mitchell's profile image
Kalonji Mitchell's profile image
Kalonji Mitchell
  • Investor
  • from Chicago, IL
  • Member since May 28, 2008

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Kalonji Mitchell's profile image
Kalonji Mitchell's profile image
Kalonji Mitchell
  • Investor
  • from Chicago, IL
  • Member since May 28, 2008
Kalonji Mitchell
  • Investor
  • Chicago, IL
24
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80
Posts
Kalonji Mitchell
  • Investor
  • Chicago, IL
Replied

I work with both hard money lenders and private money that will fund up to 85% and will allow the seller to subordinate the remaining. But, the key is subordinating. The seller's financed portion has to be in second/junior position. 

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