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Updated about 5 years ago,

User Stats

180
Posts
37
Votes
Matthew Wright
  • Investor
  • Windham, ME
37
Votes |
180
Posts

Creative/Seller Financing Deal

Matthew Wright
  • Investor
  • Windham, ME
Posted

Im interested in doing short term seller financing as the buyer, on a five unit commercial/residential building. The seller is also interested in being creative. Is there a best way to structure this deal? when the seller has a current commercial loan in place? I dont need seller to finance for very long, I just need some time to finish up stabilizing a current MF project I have going. Do you  think his bank would be open to me assuming his loan? Its a local bank and the balance is small, were talking about only a few hundred thousand purchase price for me.

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