Max Seller Credit for Multifamily
Hey Everyone,
Is there a set limit on seller credits for multifamily (5+ units)? I'm interested in structuring a commercial deal with 5-6% of seller credits to use for my equity in a partnership. For example, asking price: $2M, closing costs: $25k, down payment: $500k. With seller credits, asking price: $2,120,000, closing costs: $25k, down payment: $410k (530k - 120k).