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Forums » Private & Conventional Lending Discussion » Buyers is having a hard time finding $$$ -- fractured condos

Buyers is having a hard time finding $$$ -- fractured condos Subscribe to Buyers is having a hard time finding $$$ -- fractured condos

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Nate Hall

Real Estate Broker · Raleigh, North Carolina


Forum_avatar_avatar-halln27

Icon_minipost Jun 03 '08, 05:29 AM

I'm the broker in a deal here in NC that is having some issues on the financing side of things. The property is multiple condos in a larger complex so it is labeled as " fractured condos" by lenders. The buyer is solid and has plenty of liquid assets and a solid portfolio...

Does anyone have any suggestions as to where I'd find a lender for such a project that would give my buyer reasonable rates? The owner is financing 10% of the purchase price and the buyer is planning on putting another chunk down.

Respond of PM me if you have any ideas.

Edited: 06/26/2010 at 05:17AM


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