Looking for someone to take over owner financing

[Dave Abbott]

I have a 6 unit apartment building with owner financing in place. Just over two years left - 4.5% interest only loan of $300,000. Payment is $1125 a month. Owner would like me to pay off loan and will accept $270,000. I would like to find someone to purchase this note for $270,000. Same terms with 5 year ballon. Where do I find people interested in this type of note? Apartment value is at least $500,000. 

[Gary Headrick]

Steve is a more reasonable man than me. My floor is 10% but have done 65% LTV. I suspect you will find most private lenders and hard lenders are looking for a bare minimum of 8% but keep trying. You never know until you ask.