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Multi-Family and Apartment Investing

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Mark Malevskis
  • Investor
  • Chicago, IL
4
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50
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Seller Credit at Closing?

Mark Malevskis
  • Investor
  • Chicago, IL
Posted Oct 25 2016, 15:55

Hello, 

Has anyone had experience doing a fannie or freddie small balance loan and having the bank allow seller credit at closing for repairs?

I've negotiated about 3% of the purchase price as credit back at closing, however, some banks I've talked to are pushing back against that idea. 

Any feedback would help!

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