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Updated 7 months ago on . Most recent reply

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Jerry Zhang
5
Votes |
17
Posts

What do you call this kind of deal?

Jerry Zhang
Posted

Hi,

I'm wondering what the official term for this type of deal. Say we buy a property for $1 million, but we structure it so it's 0% down but a bank/note buyer is in place at closing to buy the note from the seller at 80% value so they walk away with 800k in cash. 



What's the official term for this kind of deal? 

Most Popular Reply

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627
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259
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Brandon Croucier
  • Lender
  • Newport Beach, CA
259
Votes |
627
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Brandon Croucier
  • Lender
  • Newport Beach, CA
Replied

Wheres the 20% coming from?

It's just a seller carry & the seller sells the note.

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