Looking for someone to refinance a mortgage for a year.

Looking for someone to refinance a mortgage for a year.

Accountant, Enrolled Agent · Grayslake, IL · Member since 2011 · 5k+ posts · 2k+ votes

I am looking for someone to refinance a commercial mortgage of about 150k for a period of one year.

I have someone who is buying a building using seller financing, the original owner had defaulted on his loan during about 170k while payments were being made by the buyer.

We are negotiating to buy the note from the financial group who is willing to sell. I'm looking for someone who would be willing to hold the mortgage for 6 months to a year in order for them to get financing.

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  • Dion DePaoliPro Member
    Real Estate Broker · Northwest Indiana, IN · Member since 2011 · 2k+ posts · 2k+ votes
    13y

    Steve did you manage to place this yet?

    If not...

    1. Where is the property, in what state?
    2. What type of property is it?
    3. What are the note terms currently? (rate, amort, term)
    4. Any known discount on the balance yet?
    5. Who is the proposed Seller, you or the current Mortgagee?
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