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Updated over 10 years ago on . Most recent reply

User Stats

60
Posts
13
Votes
Donald Banks
  • Investor
  • Joliet, IL
13
Votes |
60
Posts

LOOKING FOR ASSET BASED LONG TERM (24 MONTH) FINANCING

Donald Banks
  • Investor
  • Joliet, IL
Posted

Hello,

I am currently looking at a couple of deals on rental properties. One is a group of townhouses (3), and the other is a single family split level. 

They are all rented out to good paying, long term tenants, all owned by the same seller, and he is motivated (by his wife) and wants to sell, preferably to someone who will keep his current tenants in place. 

The properties are in great condition and need no repairs. I'm looking for some financing options based solely on the assets as security for the loan. My exit strategy is to refinance at the end of the term.

Thanks,

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