Updated over 4 years ago on . Most recent reply
Need some help! Second position seller financing
Hello friends! Does anyone have any lender recommendations for a Lender who will finance with a seller financing in second position for a small multi family investment property in Minnesota ? My business partners and I are trying to figure out how to write up this offer and also to find a lender who is okay with having the seller in second position. 80 percent lender finance, 20 percent seller financed. For the Seller financed portion, we don't want a "contract for deed" correct? because that doesn't give us the buyer the title in our name until the full seller financed portion is paid off? Hope that makes sense! Really could use any insights you might have. Thanks so much!