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Updated 3 months ago,

User Stats

103
Posts
29
Votes
William Howley
  • Investor
  • Tampa, FL
29
Votes |
103
Posts

Looking for a lender or wealthy individual that likes to hold the notes on properties

William Howley
  • Investor
  • Tampa, FL
Posted

We are constructing pole barns in Bend Oregon, they sell for $320,000 with the land. Traditional banks do not lend on these properties to buyers because there is no water and they are not for living in. So our buyers are only able to pay 100% with little financing options. Me and my business partner thought it would be nice if there was someone out there that could offer a financing solution to our buyers. So for example we would tell our potential buyers, we have a private lender who can offer 30% down, 9% APY, 5 year loan, 10 year amortization. And then if the buyer like thats financing we just connect the two of you. The note would be between you and the buyer, we just want to find financing options for them so we are able to sell the pole barns easier / faster. Let me know if you have any ideas or contacts of someone who might be interested in that setup. 

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