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Updated about 1 year ago,

Jan Paikin's profile image
Jan Paikin's profile image
Jan Paikin
  • Member since Nov 4, 2023
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Jan Paikin's profile image
Jan Paikin's profile image
Jan Paikin
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Jan Paikin
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Creative Real Estate Financing

Need lawyer (NYS, outside of NYC)

Jan Paikin
Posted

Hi,

We have a SubTo/Seller Financed hybrid deal that also has a Lease Option as the seller is an owner-occupier within this 3-unit. The other two units have been short-term rentals.

The Lease Option is for us to be able to “occupy” the two rental units and allows the seller to stay in their unit for 5 years at which time the balloon payment is due. 

Happy to give more details to the potential lawyer out there.

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