Combining Private Money + Bank Loans

[Heidi Christensen]

Have you ever blended private money with bank lending on the same deal? How did you structure the terms?

[Jay Hurst]

Quote from @Tom S.:

@Heidi Christensen  Yes, combining seller financing with a bank loan.  5% down, 15% seller financing and 80% bank loan.

Key points: had to be a commercial loan, this won't work with conventional lending.  And I had to put down the 20% first, and then executed the 15% seller financing after the close, essentially reimbursing me.

 Did the 80% lender know you were going to take that immediate second?