Seller-carry back financing lender in Maryland?

Baltimore, MarylandWantProfessionalsLender
Classifieds

Seller-carry back financing lender in Maryland?

Member since 2023 · 10 posts · 1 vote

Hello,

I have a seller that I've worked with numerous times in the past who is willing to do a "seller-carry back financing" option for purchasing a property that he has (he flips homes, and I've purchased two from him in the past for rentals)

I am in search of a lender who would support doing seller-carry back financing and tips on finding those types of lenders.  I've spoken to some "investor" friendly lenders and they were not willing to do it, so curious about what tips/tricks people find to locate lenders willing to go this route, or things to "google" to find those types of lenders.  I'd primarily be looking at this just for the down-payment (i.e. covering the 20 - 25% amount).

My credit is good-to-excellent (750+), and I currently have 7 LTR units and 1 STR. I have some strings I could pull on for the down payment like standard refinance on one of my other units, but I'd like to explore doing something like this for practice.

Thanks, and I appreciate all of the help!

- Dustin


0Reply
7 views

3 Replies

Jump to latestLatest
  • Chris SeveneyBusiness Member
    Moderator
    Investor · VA · Member since 2015 · 21k+ posts · 19k+ votes
    3y

    @Dustin Summers

    If you used those other units as collateral that could work.

    7e investments53 Reviews
  • Member since 2023 · 10 posts · 1 vote
    3y

    @Chris Seveney

    I'd be up for that. Do you know a lender who would be willing to do that?

  • Chris SeveneyBusiness Member
    Moderator
    Investor · VA · Member since 2015 · 21k+ posts · 19k+ votes
    3y

    @Dustin Summers

    Send me a PM, I have a few- not sure though if they will be in 2nd at full leverage, if they are and cross collaterize you are still gonna be 15-18%+ 3-6 points

    7e investments53 Reviews
Join the conversationCreate a free account to reply, vote on answers and follow this thread.