All Forum Posts by: Ryan Wallace

Hi,

I have a long time client. They ike to buy property with owner financing. We have done 3 deals

We are looking at a large parcel of land for $15mil. Normally we do a small down,  monthly payments for the first 5 years with Quarterly lump sum payments also during the 5 years.  After 5 years,  we switch to seller carryback for 10 to 20 years for the balance.

The problem with this deal is the price is so large, we need to cover the closing costs ( about $800k) I think we need to come in with $1mil down. This will surely entice the seller

Any thoughts on how to structure this?

maybe a hard money loan for the down, then our typical scenario? 

The hurdle is the larger down.