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Updated almost 6 years ago,

User Stats

122
Posts
33
Votes
Yiftach Ilyov
  • Specialist
  • Tampa, FL
33
Votes |
122
Posts

Double closing and a mortgage

Yiftach Ilyov
  • Specialist
  • Tampa, FL
Posted

I have a multi family contract with a potential buyer looking to purchase the property with financing.
its a bigger property with bigger numbers and an assignment contract is not the way I want to go.

is it possible to double close with a mortgage and if not what different alternatives I have for restructuring the deal?

anyone has experience with this situation ? anything I need to know before I sign a contract?

it worth mentioning that my contract with the seller doesn't dictates in words my method of payment and the property has more than 4 units so its probably gonna be a commercial loan

Bigger pockets do your magic !

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