Updated about 11 years ago on . Most recent reply
seller finance and portfolio lending
Hi, I have a retiring landlord that is selling me his portoflio. He is willing to carry 20% of the sale as a second mortgage or any other security.
To buy the portfolio I think the best lending options i have are B2R, First Key Financing and other similar portofolio lenders. However, they don't accept 2nd mortgagaes.
I don't need the 20% for the purchase, I can get that money myself, but i don't want to miss this opportunity. Can anyone suggest a way to structure this deal?
Thanks!



