Look for Lender - Seller Finance - in Massachusetts (MA)

[Chan K.]

Hi BPer, 

Can you recommend any lender that can help me with the following seller finance structure?

The seller is willing to hold back 10-15% to help me out with the down payment. The property composes of two buildings, and each building is a 4-family. I guess the scenario below is based on commercial lending with 25% down payment requirement. This way the loan will be combine, and I don't have to close twice.

- The bank will have to finance 75-80% (first position)

- The seller will hold back (or lend me) 10-15% (second position)

- I will put down the 10%

Let me know if you know of any bank that is willing to execute such finance structure. 

Thanks,

-Chan-