Lenders who allow Seller Seconds in Wisconsin?

Question

I'm looking at buying another apartment complex in the southern Wisconsin area for between $500k - $1M. The seller is offering up to 10% seller financing, but the trouble is finding a lender who allows additional liens on the property. I would like 80% bank (or lender), 10% seller, and 10% me. Does anyone have any good recommendations for lenders who accept this?

Thanks!

Pete Sailhamer · Answer

Thank you for the responses! I really appreciate it. I'll message you both.

Nicholas Vandervelde · Answer

Hi Pete,

I'm a fellow investor and Commercial Lender at 1st National Bank in Waunakee. We have structured deals like what you are proposing in the past. Please feel free to send me a personal message if you would like to discuss further.

Best

Johann Kleisch · Answer

The local bank I work with here in Evansville (20 minutes south of Madison) will do what you are asking. I have already been pre-approved for it.

Send me a private message if you want the contact info.

Best of success!

Lenders who allow Seller Seconds in Wisconsin?

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