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Updated over 8 years ago,

Brandon Sturgill's profile image
Brandon Sturgill's profile image
Brandon Sturgill
Property Manager
  • Real Estate Broker
  • from Columbus, OH
  • Member since Apr 30, 2013
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3,042
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Brandon Sturgill's profile image
Brandon Sturgill's profile image
Brandon Sturgill
Property Manager
  • Real Estate Broker
  • from Columbus, OH
  • Member since Apr 30, 2013
Connect
Brandon Sturgill
Property Manager
  • Real Estate Broker
  • Columbus, OH
1,770
Votes |
3,042
Posts
Creative Real Estate Financing

Lender Won't Originate Loan with Seller Carry Involved?

Brandon Sturgill
Property Manager
  • Real Estate Broker
  • Columbus, OH
Posted

So, my lender just indicated she could not issue a sellable mortgage with a seller carry-back involved...and further indicated that portfolio lending applies the same guidelines?...is this an institutional standard or lender-specific?

Deal

4 unit residential apartment building

purchase price $87k

seller carry $20k

total financed $67k

  • Brandon Sturgill
  • 614-379-2017
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Realize Property Management Group
3.7 stars
12 Reviews

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