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Updated over 10 years ago on . Most recent reply

Paul D.'s profile image
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Paul D.
  • Investor
  • from Knoxville, TN
  • Member since Feb 13, 2014
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Paul D.'s profile image
Paul D.'s profile image
Paul D.
  • Investor
  • from Knoxville, TN
  • Member since Feb 13, 2014
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Paul D.
  • Investor
  • Knoxville, TN
21
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59
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Second Position Commercial Purchase Loan

Paul D.
  • Investor
  • Knoxville, TN
Posted

I have a offer on a commercial property that is asking the seller to carry a second position. If the seller declines due to the having to carry a second position is there second position purchase loans available? 

Deal is 1.5M I am bringing 10% have a few banks willing to do 80% LTV and asking seller to carry 10%.

Any advice would be appreciated.

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