Updated about 3 years ago on . Most recent reply
Seller Financing Multiple Propertities In One Transaction
Deal Details: (8) Distressed Properties; Seller willing to finance with 20% down, 8% Interest on a 30-year, 5-year Balloon.
(3) of the properties will be worth the total value of the entire deal once fixed up, and can be rehabbed on a quick turnaround. My plan would be to Rehab/Refi those three properties to pay off the owner, and focus on getting the remaining (5) properties rehabbed after the fact.
In order for me to refi the full value of the note, how should I structure this deal? One large blanket lien for all (8) properties, or should each property be a separate transaction? Any help or guidance would be appreciated.