Updated about 8 years ago on . Most recent reply
Model Leaseback with commercial loan or cash purchase
My wife and I were looking at some homes in Denver and we inquired about purchasing a model. The builder said they did a leaseback for 12-36 months but they required cash or commercial loan for the purchase. Has anyone done this before using a commercial loan? I currently own 1 rental and another primary home with a credit score above 750 but I was wondering if it is harder to qualify for a commercial and if the terms are a lot different. The leaseback may be a good deal but I'm not familiar with the commercial loan side. If anyone here has any advice/insight that would be great.
Thanks,
Chris