Hi BP members!
I had arranged to buy a commercial property with a mix of seller (3 yr term), debt, and equity financing. However, as we were discussing the details in the purchase agreement, I leaned that because of the State Owned leases, they couldn't pay rents to me until the deed got out of escrow, and I officially owned it. Meaning - during the 3 year seller financing period, a vast majority of my rents would be going to my seller.
I wanted to know, #1 is their a way to finance a commercial property without using any seller financing, if so what would the general structure look like?
#2 is there a way that I could still use my current structure, but the seller would essentially provide me with some sort of rental credit every month, as opposed to the State paying me directly ?
Thanks for reading and any help you can provide.
