Updated over 3 years ago on . Most recent reply
How to assume someone else’s commercial loan
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.