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Updated about 18 years ago on . Most recent reply

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42
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Anthony B.
  • Real Estate Investor
  • San Diego, CA
0
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42
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Seller Carry back

Anthony B.
  • Real Estate Investor
  • San Diego, CA
Posted

I have a question to give myself clarity:

I want to buy a 350k apartment complex. I don't have my business line of credit yet. Property already has good cash flow.

If the seller agrees to a carry back 50k, how does this affect my ability to acquire a commercial loan? Is this viewed as a 'down payment'? I'm assuming its also viewed by the bank as a property at 100% CLTV.

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