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Updated almost 2 years ago,

Scott Weigel's profile image
Scott Weigel's profile image
Scott Weigel
  • Member since Jun 11, 2021
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9
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Scott Weigel's profile image
Scott Weigel's profile image
Scott Weigel
  • Member since Jun 11, 2021
Connect
Scott Weigel
3
Votes |
9
Posts
Creative Real Estate Financing

Advice on Structuring Seller Finance for Downpayment on traditional loan?

Scott Weigel
Posted

I've got a deal under contract in Durham. The seller is willing to seller finance the downpayment.
Traditional financing is 70% LTV. Seller Finance 30% second position lien on the property.
Does anyone have advice on respectable seller finance terms (term, interest rate offer, contractual language you recommend) and lenders within NC that would be comfortable with this structure?
Thanks.

Charlotte, North Carolina
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