Ideas for buying a $10 Million+ unit with NO MONEY DOWN

[Anthony Dew]

Hi folks, 

I have a seller who is interested in selling an apartment complex worth somewhere between $10-$15M. Loan is assumable but I don't see a viable way for me to qualify on my own. It does not allow subordinate financing. And there is a prepayment penalty of $1 million. What are some ways to get this deal done without having my own cash to put down?

[Jay Hinrichs]

get a listing and make a nice commission selling it to someone who can buy it.

defeasance clauses are tough