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Khizer Husain
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64
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Seller Carry 2nd position

Khizer Husain
Posted Oct 30 2020, 20:09

I am doing some commercial deals and the seller will be carrying about 5% in 2nd position, is there any risk by not telling the bank or lender about this? Some lenders have various rules and it complicates deals. I am considering not 

Seller would be OK to take the lien after the deal is closed. Please inform and guide 

Thank you

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