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Isaac Preston
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Seller carry loan

Isaac Preston
Posted

Have a 16 unit trailer park that I’m trying to close the owner is willing to hold 25% of the deal. I’m trying to find a lender that will only make me put 5% down because the seller will have a Second position of 25% on the property. Anyone pull off the deal like this and have a lender you can send me that does it? 

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Chris Seveney
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#3 All Forums Contributor
  • Investor
  • Virginia
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Chris Seveney
Pro Member
#3 All Forums Contributor
  • Investor
  • Virginia
Replied

@Isaac Preston

Gonna have a very hard time finding a lender for that deal. Your best bet would be to bring in an equity partner