Bank guidelines with seller carrying second on commercial property???

Bank guidelines with seller carrying second on commercial property???

Real Estate Investor · Dallas, TX · Member since 2010 · 34 posts · 2 votes

What are banks doing right now if a seller will carry a second on the property? Are they wanting some skin in the game from the buyer?

What terms, etc. would I be looking at if I had a flexible seller that will carry a second on the deal?

How would I structure this to get traditional bank financing in 1st position with as little money down as possible?

Thanks

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  • Investor · Round Rock, TX · Member since 2010 · 8k+ posts · 4k+ votes
    15y

    In general, banks aren't allowing sizable 2nds to be carried by the seller. Kevin Yeats has an aggressive lender that allows stuff like this so you may consider contacting him.

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