Master Lease on Apartments
Afternoon BP family, can someone tell me the pros and cons of doing a master lease on an apartment building. This is the scenario, A c class building the owner wants to sell but current asking price is a little rediculous in my opinion. However, they will consider owner financing or a type of strategy for financing. They are raising rents to reach market prices but it will take some time due vacancy is very low. I could go more in depth but just wanted to get an idea of master lease vs owner financing what are pros and cons of both. All answers are greatly appreciated.