What are the pros and cons of a seller wanting to lend paper rather than an outright sale?

Just learned that I shall be looking at something called portfolio lending.

Now the question becomes, will a bank lend a conventional product to a self directed IRA?

A lot of the banks I called were maybe just too high up, and several of them said they don't lend on anything under 2million or even 1million...

Has anyone ever used institutional financing to fund the purchase of a large apartment deal ($30mil +)? 

Depending on your capital situation you could definitely use cash, or the combination of cash & hard money if you find a deal that has enough gap in the profit to get HM to lend on it.

There is an unpermitted bedroom addition in one of the units and there are three full kitchens on the property.I need the FHA loan up to the 3 unit lending limit to really have chance at this and I think it will come down to the appraisal.

., maximum allowable LOC) is another question entirely.If you're going with a more traditional bank / institutional loan that likely resells the loan on the secondary market, you'll have a much harder time doing anything creative or "outside the box".

it works. make it happen, and try to get him to lend you rehab money at 8% and note around 4%

@Shawn Kross I have a decent amount of experience in lending on hotels, typically larger and either in core markets or affiliated with a Marriott/Hilton franchise, but if you want to send me a message with some more info or the listing brochure I'm happy to give you some thoughts on how to approach the valuation.