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Updated over 6 years ago,
Can Seller Pay Towards Down Payment in Commercial Deals
Im looking at a deal for a client in a college town. School just started and the property is only 50% occupied which means it will most likely only be 50% occupied for the rest of the year. The property is in good shape and I have no doubt we can fill it up next year under new management but the year turn around time will mean the cash on cash return is horrible for the next 12 months.
I sell residential real estate all the time and have sellers pay a few extra thousand towards closing cost and down payment all the time up to 6% and was wondering can this be done in commercial financing?
If possible it could save my clients 20-30k upfront and that will help alot with his cash on cash returns. Any advice would be greatly appreciated.