Has anyone had experience putting the entire 20-25% down for a commercial loan and then doing a seller carry option to recoup some or all of the original down payment? The bank would stay in 1st position. Is this possible?
The DCSR is around 1.5 and the monthly cashflow is strong enough cover both the bank note and seller financing payment. I'd appreciate your perspectives and opinions.
You could potentially violate loan covenants by putting another loan on there after closing, so just pay attention there.
Thanks, Michael. That is my initial thought as well. The best way forward seems to be to contact local banks until I find one that will allow this on the back end.