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Updated about 3 years ago on . Most recent reply

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Tracey St.Julian
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Tracey St.Julian's profile image
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Tracey St.Julian
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Tracey St.Julian
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Goals, Business Plans & Entities

How to assume someone else’s commercial loan

Tracey St.Julian
Posted

I’m looking to owner occupy an office space. The owner still has a mortgage on the space. The office is medical. I’m trying to find a way to limit my out of pocket funds and minimize how much initial capital I need to put in. I would prefer not to have to put down 20%. Is it possible to assume the loan and refinance in 3-5 years to payoff the seller.

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