Updated over 9 years ago on . Most recent reply
Lender in Tampa Florida that allows subordinate financing
Hi fellow BP'ers,
Been hitting a small roadblock here. Does anyone know of an aggressive lender (bank or CU) that allows subordinate financing (seller held 2nd) on multifamily properties when issuing the loan. I do this in PA all the time. The seller holds a 10% 2nd and we bring 15% (+ closing costs) to the closing table. Acquisition prices range from $1-2mil. Any references would be much appreciated!