Assumption based sale

[Patrick Stuckwish]

I have come across what I think is a potential good deal but I’m wondering if it’s too

Good to be true... the deal is for 100+ units for assuming the loan and paying market value for the property....

1. Will a bank allow the assumption of a commercial loan?

2. How much down payment is due for this type of transfer?

3. Are there any other fees associated?

4. Do RE agents get a commission on this type of transaction?

Assuming I don’t get a straight answer about the reasoning for the owner wanting to sell.... on paper this looks like a great investment, so why would they sell???