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Updated about 8 years ago on . Most recent reply

Account Closed
  • Investor
  • Chicago, IL
0
Votes |
8
Posts

2nd lien position loans

Account Closed
  • Investor
  • Chicago, IL
Posted

I am currently looking to purchase a building that has seller financing of 70%.   His building is leased up and is a great investment.   I was looking to take a loan to pay for the down payment, but every lender I have talked to will only take a first lien position and the seller will not accept a 2nd lien position.  Is there lenders that will loan for  30% or less of a property value and take a second position.  I have never seen it but it would be great to know that it is possible.

Most Popular Reply

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258
Posts
62
Votes
Taye N.
  • Hayward, Ca
62
Votes |
258
Posts
Taye N.
  • Hayward, Ca
Replied

Anthony Ivy message me about the deal.
Maybe a hArd money second.

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