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Updated almost 8 years ago on . Most recent reply
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Multi unit Financing Strategy?
Hell BP friends, we have an deal for an apartment complex (sorry, limited property data due to signed NDA). The agreed prices is $1.75M, FNMA loan is at $1.4M and have Seller Financing option for $200k. The CAP rate is over 8 and a good cash flow property. FNMA do not allow Seller financing with agency options. We want to use the Seller Financing to do CAPEX with a promissory note and stay within FNMA rules, is this possible?
Thanks,
Gigi